Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

ScratchCat

(2,753 posts)

12. Of course they wont lower rates

Reply to Wicked Blue (Reply #11)

Thu Jul 11, 2024, 11:39 AM

Jul 2024

The immediate jacking-up of the discount rate was 100% intended to make working Americans think that Joe Biden made prices go up right after they had "rigged" the economy for the past four years to make it look like Trump had done something.

They knew exactly what they were doing.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Wicked Blue

16 replies

= new reply since forum marked as read

Highlight:

Inflation falls 0.1% in June from prior month, helping case for lower rates [View all] BumRushDaShow Jul 2024 OP

So the stock market might close at record highs again today. But "Biden should step aside" Walleye Jul 2024 #1

It was all pre-planned to bring him down. gab13by13 Jul 2024 #3

But...but the debate!! Bengus81 Jul 2024 #15

Yep, it's giving me a headache. Just like the email story. Walleye Jul 2024 #16

I say lower the rates now but gab13by13 Jul 2024 #2

From the NY Times (Free link) jayschool2013 Jul 2024 #4

The downward trend of CPI and upward trend of wage growth may be hard for MSM too ignore. NoMoreRepugs Jul 2024 #5

Inflation eased further in June, helping cement path to rate cuts mahatmakanejeeves Jul 2024 #6

GRAPHS AND LINKS - Regular and Core for all 3 inflation measures: CPI, PCE, PPI progree Jul 2024 #7

About time fed lowers interest rates FloridaBlues Jul 2024 #8

Biden's age and experience has it's advantages IronLionZion Jul 2024 #9

Statement from President Joe Biden on the "Significant Progress" fighting inflation. LetMyPeopleVote Jul 2024 #10

The Fed won't lower rates, because that would help President Biden Wicked Blue Jul 2024 #11

Of course they wont lower rates ScratchCat Jul 2024 #12

CPI Year Over Year vs. Fed Funds Target Rate Graph progree Jul 2024 #13

Pffftttt...exactly what Powell said about a YEAR ago. No WAY he'll give Biden that plum Bengus81 Jul 2024 #14