FED Holds Steady

[Fernando]

View attachment 102949

So is DC or Florida Trump's primary residence?

 

[Bobby Bucks]

So is DC or Florida Trump's primary residence?

Uncle Donnie’s DC pad is a fringe benefit and has no mortgage, unless you link it to the national debt.

 

[Fernando]

Uncle Donnie’s DC pad has no mortgage, unless you link it to the national debt.

In the future I thinking of having a second home in a no state income tax State. If I "live" in that State half the year plus one day, I can claim it as my primary home.
Trump being President has to spend most of his days in the White House. Otherwise he's not doing his job. His primary residence should be DC.
Playing golf every weekend in Florida doesn't qualify Floridian residency.

 

[Terrel L. Shields]

Trump being President has to spend most of his days in the White House. Otherwise he's not doing his job. His primary residence should be DC.

Didn't stop Biden from spending most of his time in Delaware. Not that his brain wasn't elsewhere anyway. Trump is a resident of Florida as he declared in 2019. Barack Obama maintained Illinois as his legal state of residency and he owned a home there while president.

 

[Zoe]

I am telling you inflation is fighting employment numbers. Trump knows that. I never accused that ugly blonde of being stupid. LOL

However, tariffs are working against what the man wants and the Federal Reserve Bank on inflation. Employment numbers are helping what whitehouse wants.

 

[Zoe]

They say there is hidden inventory on unemployment numbers also.

 

[Fernando]

Didn't stop Biden from spending most of his time in Delaware. Not that his brain wasn't elsewhere anyway. Trump is a resident of Florida as he declared in 2019. Barack Obama maintained Illinois as his legal state of residency and he owned a home there while president.

Then what's the brouhaha with Cook?

 

[Terrel L. Shields]

Then what's the brouhaha with Cook?

She apparently took out 2 mortgage loans claiming both as her primary residence. That's mortgage fraud.

 

[Fernando]

Cook should use my explanation.
"I live in one residence half year and half day and other residence half year and half day. Thus, I have two primary residence."
Be smart like Nando.

 

[Fernando]

MSN

Key U.S. inflation gauge creeps higher, but not high enough to stave off Fed interest-rate cut​

A key measure of inflation rose in July at a rate that suggests persistent price pressures tied to higher U.S. tariffs, but the increase probably wasn’t big enough to dissuade the Federal Reserve from cutting interest rates next month.

The PCE index, the Fed’s preferred inflation gauge, rose 0.2% in July, the Bureau of Economic Analysis said Friday.

The Fed gives more weight to the so-called core rate of inflation. It rose a somewhat faster 0.3%, but that was in line with Wall Street forecasts.

The 12-month rate of inflation was unchanged at 2.6%, leaving it above the Fed’s long-term goal of 2%.

The yearly rate of core inflation moved up a tick to 2.9%, the highest level since February. The core rate strips out up-and-down food and energy prices and is a better predictor of future inflation.

Inflation has crept higher over the summer as the effects of higher tariffs have filtered into the economy.

Prices haven’t risen as much as expected, but they have gone up enough to create a split among Fed officials about whether to cut interest rates.

Some top officials are still very worried about inflation. Others see emerging weakness in the labor market as a reason to cut rates, and they appear to be in the majority.