With a potential recession on it's way the Federal Reserve decided to cut interest rates, in an effort to sustain a record-long economic expansion. This would not the first time the Fed have cut interest rates this year. In fact the Fed have lowered interest rates three times this year, which is absurd and frighting. This can cause inflation to increase, and decrease the interest rate of CD's. The economy might be continue to thrive after this decision, but for how long and at what cost?
https://www.reuters.com/article/us-usa-fed/fed-cuts-interest-rates-signals-holding-pattern-for-now-idUSKBN1W32H7
At the rate of them dropping the interest rates this year, it is starting to get a little frightening. However, it is almost as if everyone keeps trying to talk us into a recession as our economy is doing very well. It seems as if people are wanting a recession and we might very well talk ourselves into one by trying to fix something before it happens.
ReplyDeleteI agree Cole, I think we are almost just waiting for a recession rather than trying to avoid it.
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