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Fed Says September Will Be Great Month for Pretending You Have Money While Actually Having Less of It

BitcoinCrypto NewsNFTs 1 Kevin Nelson August 16, 2024

An illustration of an empty wallet with cash flying out in all directions while being chased after by a giant hand holding a pair of scissors. The background features a calendar flipping to September and falling apart as it does so. A faint image of a person running away from the scene can be seen at the top, looking worried. In the foreground, there is an arrow pointing downwards with a red X marked through it next to some scattered coins.

Well isn’t this peachy! The Federal Reserve thinks it’s time for another rate cut because inflation has slowed down. You know what they say: “If you can’t make money grow on trees, then at least let people borrow some cash to pretend like they’re rich.” I mean seriously though, who doesn’t love a good interest rate reduction? It’s not like the economy is just going to magically fix itself or anything

Source: www.reuters

Fed's Bostic open to September rate cut, FT reports
https://www.reuters.com/markets/us/feds-bostic-supportive-september-rate-cut-ft-reports-2024-08-15/
Aug 15 (Reuters) - Atlanta Federal Reserve President Raphael Bostic is open to an interest rate cut in September, he told the Financial Times in an interview published on Thursday, adding that the U.S. central bank can't "afford to be late" to ease monetary policy. "I'm open to something happening in terms of us moving before the fourth quarter," Bostic told the newspaper. Bostic's comments are a step ahead of […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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