The stock market

finance.yahoo.com

Traders Wipe Out Bets on Big Fed Cuts as Jobs Data Hits Bonds

(Bloomberg) -- Traders slashed their bets on the pace of future Federal Reserve interest-rate cuts after September US employment data blew past estimates and signaled a robust hiring trend.Most Read from BloombergThe Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents...
finance.yahoo.com finance.yahoo.com

There was no reason for the 50 basis point reduction.

Although, the job data downward revision will come in right after.....................................you guessed it, the election!
 
www.foxnews.com

Harris says wealthy Americans, corporations will pay higher taxes to fund economic plan

Kamala Harris made it clear that she plans to increase taxes of wealthy individuals and corporations as part of her economic plan if elected in November.
www.foxnews.com www.foxnews.com

In addition to Harris' new tax proposals for small businesses, she also laid out her plan this week for taxing capital gains. She wants to increase it to 33%, whereas Biden reportedly wants the current rate, which is at 23.8%, to be nearly doubled, according to The Wall Street Journal.

29 days or so until some decisions will be made in non-qualified accounts!
 
Excellent read.

www.foxbusiness.com

LARRY KUDLOW: The Fed is playing politics

FOX Business host Larry Kudlow unpacks the Federal Reserve's decision to cut interest rates ahead of the election on "Kudlow."
www.foxbusiness.com www.foxbusiness.com

There are big soft spots in the economy, particularly manufacturing and housing, which are both in recession. Consumer spending, aided by big government stimulus, is holding up the economy, but the Fed's stated reason for their mega rate cut was supposedly a collapsing jobs market and a sure bet that the inflation rate would hit their target.

Inflation is stickier, the Fed has not hit its 2% target, and the labor market is holding up very well — for whatever reason. So, Mr. Powell, in all of his wisdom, has done what the Fed is not supposed to do: interfering with the election, trying to give the Kamala economy some last-minute juice. Literally, just before Election Day. In the world of monetary politics, Jay Powell has just dragged the central bank to a new low. That's the riff.
 
📱 Fish Smarter with the NYAngler App!
Launch Now

Members online

Total: 557 (members: 11, guests: 546)

Fishing Reports

Latest posts

Latest articles

Back
Top