this post was submitted on 02 Aug 2024
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A Boring Dystopia

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[–] Krauerking@lemy.lol 8 points 3 months ago

I have a feeling that they announced the rate cut because of early access to the data showing that everything was finally cracking under the pressure and Powell was hoping to spike up the stock market with wild abandonment partying before the jobs data and recession flags would become public knowledge.

It's definitely just a game for getting rich people to be playing with their money and it's so tiring to be ignored for only their sake.