Everyone’s Braced For A Rate Cut, But Will Powell Actually Do It?
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WSM Casino- Green
WSM Casino – Dark
Yes? No? Maybe? Idk, why are you looking at me??
Gold is up, silver is up, Bitcoin’s up, that can only mean one thing: everyone thinks a rate cut is around the corner.
We’ll find out today but it’s looking like the fed are gearing up for a rate cut. How do they know? I literally have no idea. I have no idea how this works. I don’t know what I’m doing here. I am woefully underqualified for this job. I don’t belong here. I don’t even know what a rate cut is. Is that when the amount of interest goes down or is it the rate of interest increasing goes down?
And why are the numbers so small? It’s only ever like 2 points, is that the same as a percentage? Why does everyone freak out about such small numbers? Literally all the headlines are talking about the fed and Powell. Stock bros are betting on this stuff. Why? I just don’t get it and honestly I don’t know why you’re still here. Do you think you’re going to get some actual useful information?
Did you think I could answer the clickbait question in the headline? No, madam, I am asking the question. Will Powell do it? What is it? What’s he even going to do? I DON’T KNOW SOMEONE PLEASE EXPLAIN THIS TO ME.
Related article: Trump Says He’s Chosen The Next Fed Chair, And His Top Pick Is Wild
Rate Cut? Idk, I’d say about a 7/10
Something to do with Donald Trump? Maybe.
Will this affect the price of apples? I do care about the price of apples. I buy a LOT of apples.
Alright. So that’s that. I feel like I’ve covered this story right? I mean, what else are you looking for, why are you still here? You want more information? Look literally anywhere else. Please. I beg of you. Wall Street Memes is not the place to be getting solid financial advice.
Go outside and touch a bank, idk, whatever the finance equivalent of touch grass is.
K, love you, bye…
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