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Post by illinoisfisherman on Aug 13, 2024 10:07:16 GMT -5
We need to reduce interest rates but I fear it may fuel inflation further
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Post by nuevowavo on Aug 13, 2024 14:02:03 GMT -5
We need to reduce interest rates but I fear it may fuel inflation further
Since inflation has moderated basically to the Fed's target of 2%, it gives them the ability to cut rates without sparking it back up. Their focus is on employment now and a soft landing.
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Post by richm on Aug 13, 2024 16:48:39 GMT -5
We need to reduce interest rates but I fear it may fuel inflation further
Since inflation has moderated basically to the Fed's target of 2%, it gives them the ability to cut rates without sparking it back up. Their focus is on employment now and a soft landing.
Do you think they care who is in office?
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Post by johngalt on Aug 13, 2024 19:03:17 GMT -5
put this crap in Politics please..... Jeez how did we get from stock market to This. You’re right, politics has no effect on stocks. 😳
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Post by illinoisfisherman on Aug 13, 2024 19:20:44 GMT -5
I’m liquidating some of our properties. I’m thinking of buying some stocks
At 75 years old I suppose I should go for income and some growth
We will see
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Post by ferris1248 on Aug 14, 2024 6:34:00 GMT -5
"On Wednesday, investors will digest one of the most important data points that will shape future Federal Reserve interest rate policy: July's Consumer Price Index (CPI)." "The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 3.0%, unchanged from June's reading." "Over the prior month, consumer prices are expected to have risen 0.2%, an uptick from the prior month's 0.1% decline as energy prices are largely expected to pick up again." "On a "core" basis, which strips out the more volatile costs of food and gas, prices in July are expected to have risen 3.2% over last year, a slowdown from the 3.3% annual increase seen in June. Monthly core prices, however, are expected to rise 0.2% compared to 0.1% increase in June, according to Bloomberg data." "CPI in June surprised to the downside," Bank of America economist Michael Gapen wrote in a note ahead of the report. "We expect some of that surprise to reverse in July." "June's data was the first time since May 2020 that monthly headline CPI came in negative. It was also the slowest annual gain in prices since March 2021." "While July's inflation data will likely not be "quite as low as June, it is in line with prior trend in deflation and should meet the Fed's benchmark for beginning rate cuts in September," Gapen said." "Ahead of Wednesday, the Producer Price Index (PPI) came in cooler than expected in July, setting up investor expectations and further emphasizing the case for Fed rate cuts." "US producer prices, a key measure of wholesale inflation and often a signal for where consumer prices are heading, rose just 0.1% month over month last month after rising 0.2% in June. The pace was below economist forecasts. The index rose 2.2% year over year, just a touch above the Federal Reserve's 2% inflation target." "It's positive for equities," John Stoltzfus, chief investment strategist at Oppenheimer, told Yahoo Finance's Morning Brief Tuesday morning. "It releases some of the dark sentiment that had gripped [the market] over the course of the start this month. We can't help but think that this gives the Federal Reserve the opportunity to begin cutting rates." "Inflation has remained above the Federal Reserve's 2% target on an annual basis. But recent economic data, including a sell-off-inducing July jobs report, has helped fuel a narrative the central bank should cut rates sooner rather than later." finance.yahoo.com/news/inflation-expected-to-hold-steady-in-july-as-investors-eye-rate-cuts-190935803.html
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Post by ferris1248 on Aug 14, 2024 6:38:27 GMT -5
I’m liquidating some of our properties. I’m thinking of buying some stocks At 75 years old I suppose I should go for income and some growth We will see I would suggest, with your age and with your self professed lack of knowledge of the market machinations (although I think that's a ruse), you consult with a financial advisor. And not a friend down the road no matter how successful they have been.
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Post by cadman on Aug 14, 2024 7:52:36 GMT -5
I’m liquidating some of our properties. I’m thinking of buying some stocks At 75 years old I suppose I should go for income and some growth We will see My brother has everything in a Wells Fargo Welltrade Investment account because he knows nothing about stocks and doesn't want to. He had Wells Fargo set it up years ago starting with an IRA and some retirement money when he left Pic-N-Save and they went bankrupt. When he retired from Publix we moved his 401K and his stock over to the account. He has never had a year below 10% return in the last five years and has a 7.99% return since inception. From what you have said on here, if I was you, I would talk to your banker or another financial advisor and throw it all in mutual funds. Get their advice on what funds to buy. At your age, if you have not done so, you may want to set up a trust for your children or grandchildren with some of the proceeds. I am not one to listen to for financial advice, but I think that would be your safest bet.
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Post by illinoisfisherman on Aug 14, 2024 7:55:25 GMT -5
Trust for grandchildren set up 20 years ago. Thanks
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Post by illinoisfisherman on Aug 14, 2024 8:10:57 GMT -5
I’m liquidating some of our properties. I’m thinking of buying some stocks At 75 years old I suppose I should go for income and some growth We will see I would suggest, with your age and with your self professed lack of knowledge of the market machinations (although I think that's a ruse), you consult with a financial advisor. And not a friend down the road no matter how successful they have been. I will take that advice. Have 250 on hand right now and I am debating what to do with it. Thank you
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Post by ferris1248 on Aug 14, 2024 11:06:12 GMT -5
"A milder inflation reading released Wednesday removes one of the last hurdles the Federal Reserve needed to clear before cutting rates in September." "The Consumer Price Index (CPI) increased 2.9% over the prior year in July, down from June's 3% annual gain in prices. On a "core" basis, which strips out the more volatile costs of food and gas, prices in July climbed 3.2% over last year — down from 3.3% in June. That was the smallest increase since April 2021." "I think this report is a green light for the Federal Reserve in September," Nathan Sheets, global chief economist for Citigroup, told Yahoo Finance." "The new numbers are the latest confirmation that inflation is in fact cooling once again after heating back up during the first quarter of the year, a development that prompted the Fed to warn at one point that rates would likely stay higher for longer." "Fed Chair Jerome Powell made it clear at the end of last month that a cut in September was “on the table” as long as the data supported it. He and other policymakers have said they want to be sure that inflation is in fact moving “sustainably” down to their 2% goal." finance.yahoo.com/news/mild-inflation-reading-offers-fed-a-green-light-to-cut-rates-in-september-142425506.html
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Post by johngalt on Aug 14, 2024 12:09:08 GMT -5
I hope not. They need to clean up all that money that the government irresponsibly dumped into the economy.
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Post by cyclist on Aug 14, 2024 12:28:16 GMT -5
put this crap in Politics please..... Jeez how did we get from stock market to This. You’re right, politics has no effect on stocks. 😳 Democrats always out perform Republicans.
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Post by nuevowavo on Aug 14, 2024 12:40:49 GMT -5
I would suggest, with your age and with your self professed lack of knowledge of the market machinations (although I think that's a ruse), you consult with a financial advisor. And not a friend down the road no matter how successful they have been. I will take that advice. Have 250 on hand right now and I am debating what to do with it. Thank you
My suggestion, if I may, is to be sure to call a fee-only fiduciary financial advisor. They are legally bound to act in your best interests and don't sell you commissioned products. Edelman Financial Engines is one of the best. I've been very happy with Fisher Investments, but I believe their minimum is $500k.
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Post by richm on Aug 14, 2024 12:43:29 GMT -5
You’re right, politics has no effect on stocks. 😳 Democrats always out perform Republicans. I've heard that too. No issues with them on the stick market.
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