Wolfpack8602 said:CoachCase said:Wolfpack8602 said:
Bad jobs report just came out today. Harris team blamed Trump after 3 1/2 years out of office. Can't believe Civ wasn't posting about how this isn't a good look for Harris to say that. He's so level headed about everything.
I was told that Biden/Harris economic plan was superior to Trump's plan. Maybe they will get it right by the time Biden exits the office.
https://www.axios.com/2024/08/02/jobs-economy-unemployment-fed-rate-recession
More bad news for Harris. Can't wait for the spin.
The spin just came out of your mouth. The only real question is whether you're being intellectually dishonest so that you can have your daily feigned outrage, or you're just seriously ignorant.
The Fed basically has one tool to fight inflation: It raises interest rates which ultimately increases unemployment, which lowers inflation. The Fed has been holding on higher rates for a while now because the unemployment rate has continued to be insanely good. Now it finally looks like it's turning up, AS THEY HAD WANTED.
So yeah:
1) It'd be shocking if they don't start lowering rates at the September meeting.
2) You're a moron.