ilmscore | The Fed Is Ignoring Their Own Economic Warnings

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
The speaker reiterates Powell's concern that debt growing faster than income is a problem, and the solution is to disincentivize government borrowing and spending.
"Now, you don't have to be a financial genius to know that if your debt is growing faster than your income, you have a problem. And that's exactly what he said. And then he went on to say that we need to fix this problem by disincentivizing the government from borrowing so much money and spending so much money."
Interest Rates
Pending
Despite concerns about debt, the Federal Reserve is expected to cut interest rates on December 18th.
"And then it looks like things changed because just yesterday, one of the top headlines is that the Federal Reserve Bank is almost guaranteed to cut interest rates next week on December 18th when they meet again."
Interest Rates
Pending
Wall Street anticipates an 85% probability of the Federal Reserve cutting interest rates on December 18th.
"And there is, according to Wall Street, an 85% chance that the Federal Reserve Bank is going to cut interest rates again on December 18th, which means we're almost guaranteed to see another interest rate cut."
Interest Rates
Pending
Trump is expected to exert pressure on Jerome Powell and the Federal Reserve to reduce interest rates.
"But you can bet that he's going to put pressure on Jerome Powell and the Fed to cut interest rates."
Monetary Policy
Pending