Jason Posted September 16 Share Posted September 16 anyhow bye bye bonkers yen exchange rate, I didn't get to enjoy the peak of 160 yen to the dollar but it was like 140 yen to the dollar when I was there Quote Link to comment Share on other sites More sharing options...
Jason Posted September 16 Share Posted September 16 the euro is bouncing back up too and I missed out on being there for par Quote Link to comment Share on other sites More sharing options...
chakoo Posted September 16 Share Posted September 16 9 minutes ago, Jason said: anyhow bye bye bonkers yen exchange rate, I didn't get to enjoy the peak of 160 yen to the dollar but it was like 140 yen to the dollar when I was there I did a lot of damage but wish I had more funds to do a little more while I could. LoL. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted September 16 Share Posted September 16 When does the fed meet for a potential rate cut? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 16 Share Posted September 16 3 minutes ago, SaysWho? said: When does the fed meet for a potential rate cut? Tomorrow and Wednesday. 1 1 Quote Link to comment Share on other sites More sharing options...
Nokra Posted September 16 Share Posted September 16 So I'm basically a n00b when it comes to understanding macroeconomics... Can someone ELI5 what a rate cut means for e.g. 1) your average consumer 2) your average investor and 3) your average person looking to buy their first house? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 16 Share Posted September 16 3 minutes ago, Nokra said: So I'm basically a n00b when it comes to understanding macroeconomics... Can someone ELI5 what a rate cut means for e.g. 1) your average consumer 2) your average investor and 3) your average person looking to buy their first house? (1) average consumer - lower interest rates on credit cards (2) average investor - lower borrowing cost of capital which means "cheaper" money for business expansion (3) average person looking to buy their first house - lower mortgage interest rates but you're still not going to be able to afford a home anyway so just give up 1 1 Quote Link to comment Share on other sites More sharing options...
Ominous Posted September 16 Share Posted September 16 8 minutes ago, Commissar SFLUFAN said: (3) average person looking to buy their first house - lower mortgage interest rates but you're still not going to be able to afford a home anyway so just give up If it's 25 bps rates will likely not move at all, maybe go up slightly?, since that rate cut was expected and already baked in to where we are at right now. At 50 we should see some a bit more downward movement on rates, which are as low as they have been since early 2023. Cut all the rates. I want a 5090. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 16 Share Posted September 16 The stock market genuinely appears to be pricing-in a 50 bps cut which means that it'll have nice sell-off when Powell says, "LOL no - 25 bps it is." 2 Quote Link to comment Share on other sites More sharing options...
Nokra Posted September 16 Share Posted September 16 22 minutes ago, Commissar SFLUFAN said: (1) average consumer - lower interest rates on credit cards (2) average investor - lower borrowing cost of capital which means "cheaper" money for business expansion (3) average person looking to buy their first house - lower mortgage interest rates but you're still not going to be able to afford a home anyway so just give up Thanks. Home ownership isn't necessarily out of reach for me here in Portland, if I'm willing to move out to the burbs and go for a condo rather than a house, which I might be. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 17 Share Posted September 17 CME probabilities rate a 50 bps cut at 67% https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html I have no idea what they're on about with that. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted September 17 Share Posted September 17 24 minutes ago, Commissar SFLUFAN said: CME probabilities rate a 50 bps cut at 67% https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html I have no idea what they're on about with that. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted September 18 Share Posted September 18 Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years WWW.CNBC.COM The Federal Reserve on Wednesday released its decision regarding interest rates. 2 Quote Link to comment Share on other sites More sharing options...
Massdriver Posted September 18 Share Posted September 18 On 9/17/2024 at 8:12 AM, Commissar SFLUFAN said: CME probabilities rate a 50 bps cut at 67% https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html I have no idea what they're on about with that. Half point it is. We were both wrong. Quote Link to comment Share on other sites More sharing options...
Jason Posted September 18 Share Posted September 18 5 minutes ago, osxmatt said: Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years WWW.CNBC.COM The Federal Reserve on Wednesday released its decision regarding interest rates. 1 Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted September 18 Share Posted September 18 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted September 18 Share Posted September 18 Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted September 18 Share Posted September 18 @josephpolitano.bsky.social on Bluesky BSKY.APP WE ARE SO BACK FAM [contains quote post or other embedded content] Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted September 18 Share Posted September 18 Biden did it! He defeated the economy. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted September 18 Share Posted September 18 I'm tempted to put most of that savings into a CD. How long until CDs/savings accounts see an interest rate cut as well? Quote Link to comment Share on other sites More sharing options...
Ominous Posted September 18 Share Posted September 18 Lets get another half point off the board before the end of the year. My kid is getting braces and I've got 21 month at 0% to pay this shit off. 2 Quote Link to comment Share on other sites More sharing options...
Massdriver Posted September 18 Share Posted September 18 2 minutes ago, SaysWho? said: I'm tempted to put most of that savings into a CD. How long until CDs/savings accounts see an interest rate cut as well? If it hasn't happened yet, it will very soon. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted September 18 Share Posted September 18 7 minutes ago, Massdriver said: If it hasn't happened yet, it will very soon. Thanks. Fiancee was thinking the same thing. I just took a bunch of it and put it into a CD at 4.7% for nine months (both accounts are with Marcus). I need money available for our wedding next year so I couldn't just put all of it in the CD. Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted September 18 Share Posted September 18 I'm in Thailand which has always been about 30 baht to a dollar. The pandemic didn't change that. the Thai government (praise Vajiralongkorn, don't shut down my internet please, I swear I won't mention your queer rave phase while your father was in power and it's totally not weird to require businesses to hang your portrait above door height. Not weird at all..) Anyway it seems like Thailand just ties their currency t]o the dollar. It was 30 baht to a dollar the first time I came here in 2017, it's 30 baht to a dollar now. Quote Link to comment Share on other sites More sharing options...
Jason Posted September 18 Share Posted September 18 12 minutes ago, Massdriver said: If it hasn't happened yet, it will very soon. Yeah I put a bunch into six month treasuries in the last couple of weeks in anticipation of this. Too late for that now though so a CD is the best long term option to quickly lock something in. Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted September 18 Share Posted September 18 1 hour ago, Spawn_of_Apathy said: Biden did it! He defeated the economy. He receives 0.5 basis points of experience. Level up! Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted September 18 Share Posted September 18 Sell off more baby Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted September 18 Share Posted September 18 1 hour ago, SaysWho? said: I'm tempted to put most of that savings into a CD. How long until CDs/savings accounts see an interest rate cut as well? PUT IT ALL IN GAMESTOP NOTHING CAN GO WRONG 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 18 Share Posted September 18 Well, how about that? Quote Link to comment Share on other sites More sharing options...
TheBladeRoden Posted September 18 Share Posted September 18 All my money is tied up in checking accounts, what do I do?? Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted September 18 Share Posted September 18 7 minutes ago, TheBladeRoden said: All my money is tied up in checking accounts, what do I do?? Buy Gold! 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted September 18 Share Posted September 18 jk don't do that 1 Quote Link to comment Share on other sites More sharing options...
Ominous Posted September 18 Share Posted September 18 37 minutes ago, TheBladeRoden said: All my money is tied up in checking accounts, what do I do?? These things are going to quadruple in value in the next 6 months Trumpy Bear Official Website WWW.GETTRUMPYBEAR.COM Trumpy Bear third edition. Quote Link to comment Share on other sites More sharing options...
Chris- Posted September 18 Share Posted September 18 45 minutes ago, TheBladeRoden said: All my money is tied up in checking accounts, what do I do?? Depends entirely on how much money it is Quote Link to comment Share on other sites More sharing options...
MarSolo Posted September 18 Share Posted September 18 Finally, time to invest in that Ponzi scheme my uncle has been telling me about. 1 Quote Link to comment Share on other sites More sharing options...
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