The Fed’s Big Gamble?

The Washington Post tells us what’s up:

This is . . . a wee bit hyperbolic, no? I mean, the Fed is pondering a quarter percent rate cut that’s been long since priced in by the market. Whether you agree or disagree that this is the right thing to do, it’s simply not likely to have much effect, and isn’t really much of a gamble at all.

Now, if the Fed really wants to move the markets, they’ll surprise everyone and announce a half percent rate cut. That would get the chattering classes chattering.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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