Finance U: Fed Cuts Rates with Stock and Home Prices at ATHs!
Sep 19, 2024
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Episode description
The “apolitical” Fed cut rates by an emergency amount just 6 weeks before a major and contentious election thereby rewarding incumbents. As always, they did this even though it will reward existing asset owners and punish the young who are starting out in life. It’s just who they are, to their bones.
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