I don't see how cuts are justified.

I have no idea what Powell and the FOMC are looking at. Powell said last month there would be three cuts this year. Bullard reiterated just yesterday that three cuts remain the base case. Daly last week said something similar.

Plus three percent growth, low unemployment with wage pressures, housing continues to rip (although moderating somewhat), GOVCO providing $2 Trillion of annual stimulus

What are they doing?

[Post edited by Stimp at 04/10/2024 09:45AM]

In response to this post by hoolstoptheheels

Posted: 04/10/2024 at 09:38AM

Inflation at 3.5%, higher than expected, thanks Joe! -- HoodatB 04/10/2024 08:57AM

Not a great report. Seems to vindicate the fed for their reluctance to -- BocaHoo91 04/10/2024 08:59AM

I think I’m joining the minority view that we’re unlikely to see any rate -- hoolstoptheheels 04/10/2024 09:19AM

I don't see how cuts are justified. -- Stimp 04/10/2024 09:38AM

Did he say how BIG the cuts would be? -- Late 80s Hokie 04/10/2024 09:52AM

They would be 25 basis points a pop. So if the market expects three this -- hoolstoptheheels 04/10/2024 10:06AM

Please see the punch line of this cartoon. -- Late 80s Hokie 04/10/2024 2:27PM

I agree. Was hoping for better news here. -- Shenhoo 04/10/2024 09:21AM

I don't see how cuts are justified.

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