FED left rates unchanged

[Fernando]

I would imagine the FED is using AI to analyze the economy and foresight of the future in determining when and how much rate cuts needed to sustain/keep our economy going.
Today's hit on stock market not good but hopefully it's temporary and will rebound as it usually does.
When the wealthy feels the downturn of their stocks, they will hold back in their spending and that's not good for a trickle down economy.

 

[Terrel L. Shields]

Recession warning: Dow PLUNGES nearly 500 points and unemployment rises amid fears of 'US economic collapse': 'We didn't expect it to get this bad'

The US central bank's decision to not cut interest rates could provoke a recession, experts claim

www.gbnews.com

The world wants to be independent of the dollar but obviously not since they react very adversely to the fact the FED, as widely predicted, would not lower rates in the July meeting.

 

[Vermonter]

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumers.

apnews.com

 

[Terrel L. Shields]

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumers.

apnews.com

the impact of illegals in the workforce has been a depressant for wage increases - many are working cash only and as noted in the report, many are unlikely to respond to surveys leading to an under-counting. Take a small company that has an official 48 employees to stay below the threshold where they are forced to pay for healthcare. If you need extra workers, you "contract" to some legal for a fixed amount and the contractor provides the bodies independent of the company. Even large companies use "contractors" and could care less what they are paying people. The people who janitor for Wal-mart - contractors. Yard maintenance and mowing - contractors. Tyson chicken catching crews - contractors. They even sub out the live haul trucking, feed delivery and delivery of baby chicks to the farmers. One of my hay customers was laid off from Tyson's only to be rehired by the contractor who took over that service - at a lower salary of course, and no health benefits.

 

[Charles West]

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumers.

apnews.com

And that number likely will be adjusted lower.

 

[Fernando]

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumers.

apnews.com

I feared for an increased unemployment rate today. Not good for stock market.
FED needs to signal a rate coming next month. Buy your home if you haven't done yet. When rates drop, home prices gonna go up.
Appraisers will be back to work.

 

[Fernando]

Despite stock market dropping, many stocks went up today like Apple, Starbucks, T-Mobile, and McDonalds.
Even my daughter's company went up over 1% today.

 

[Tom D]

• Amazon says that deal-seeking shoppers dented its sales.
• Next quarter might be rough, too. The Olympics and the US election might distract people, it says.
• Amazon is presenting a bleak picture of the economy as rising prices batter American wallets.

Amazon said deal-hungry shoppers dented sales in the second quarter, presenting a bleak picture of the economy as prices continue to batter American wallets.

 

[Fernando]

Amazon used to have good deals. Shoppers know their prices.
Also, how can Amazon make money when I purchase a $4 item delivered next day?

 

[Charles West]

The problem with government fiscal pump priming is it's generally too focused on narrow sections of the economy, is highly inflationary when excessive, and robs capital from the private sector. You end in major slowdowns which is the proper time for stimulate fiscal policy but they have blown up the money supply so much that is off the table.