General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIn the last 15 minutes of trading, the DOW is dropping fast.
It looks like it could easily be another -2% day on Wall Street.
https://markets.businessinsider.com/index/dow_jones
Wellstone ruled
(34,661 posts)darn it,Powell's revenge on the Turd in the Oval.
MineralMan
(146,331 posts)Things shift around quickly at the end of trading.
Wellstone ruled
(34,661 posts)bottom dropped. Appears the Algo's are running it into the ground seconds after Powell's announcement. The Guy from MIZUO Bank forecaster dictated this two hours ago.
Buckeyeblue
(5,502 posts)There is no clear indication of inflation. And that's what should drive rate increases. I know they want them back up around 6% but I think they should move slower.
Also, while unemployment is low, salaries are flat. This will cause z downturn in the car market and probably in home equity loans. Also credit card balances will go up.
I think we are too touchy about inflation. I would keep interest rates low. Keep people buying. So what if prices go up some. People will stop buying if they don't think they are getting a good deal.
I would rather see people in car loans and mortgages than credit cards.
GeorgeGist
(25,323 posts)SWBTATTReg
(22,166 posts)MineralMan
(146,331 posts)but market watch updates more frequently.