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Traders Now Pricing In One Rate Cut This Year, But Not Until The End Of 2024, After The Election (Home Prices UP 32.5% Under Biden, Mortgage Rates UP 160%)
Confounded Interest ^ | 04/25/2024 | Anthony B. Sanders

Posted on 04/25/2024 9:03:31 AM PDT by Kaiser8408a

The Federal Reserve is playing the song “Don’t rock the boat” ahead of the Presidential election. Despite the horrible economic news.

1) 4 months of hotter inflation (like today’s stagflationary GDP report)

2) Nearly 1.5 million full-time jobs decline with 1.9 part-time jobs created over a year

3) $2 trillion annual deficits

Leading traders to price in 1 rate cut in December 2024. AFTER THE PRESIDENTIAL ELECTION!

Under Biden, home prices are up 32.5% and conforming 30Y mortgage rates are UP 160%.

One of my colleagues at George Mason University in finance (an economics PhD) constantly quoted Lenin’s famous “You have to break a few eggs to make an omelet.” But why is it always OUR eggs that have to be cracked, never the wealthy elite.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS:

1 posted on 04/25/2024 9:03:31 AM PDT by Kaiser8408a
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To: Kaiser8408a

We need to increase rates, not talk of lowering them.


2 posted on 04/25/2024 9:05:01 AM PDT by Codeflier (Don't worry....be happy )
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To: Kaiser8408a

We only will get a rate cut because we are actually in a recession and the numbers prove it. Which they will NEVER admit until after November 3rd.


3 posted on 04/25/2024 9:05:19 AM PDT by woodbutcher1963
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To: Kaiser8408a

home prices are up a hell of a lot more than 32% IMO


4 posted on 04/25/2024 9:08:51 AM PDT by imabadboy99
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To: imabadboy99

Depends on market. Some markets are up WAY more than 32%, while others have gone almost flat (more in-line with official inflation numbers).


5 posted on 04/25/2024 9:17:50 AM PDT by TheBattman (Democrats-Progressives-Marxists-Socialists-Satanists: redundant labels.)
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To: Kaiser8408a

There are no good solutions.

Raising rates is bad.
Lowering rates is bad.

But waiting until after the election to do something is just playing politics because they want their Boy to win.


6 posted on 04/25/2024 9:27:21 AM PDT by ClearCase_guy (It's not "Quiet Quitting" -- it's "Going Galt".)
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To: Kaiser8408a

“home prices are up 32.5%”

Home owners have benefited greatly. I’m HAPPY.


7 posted on 04/25/2024 9:52:38 AM PDT by SpeedyInTexas (Defeat the Pro-RuZZia wing of the Republican Party)
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To: SpeedyInTexas
Home owners have benefited greatly. I’m HAPPY.

That's great as long as you don't have to go buy a new home after you sell it.

8 posted on 04/25/2024 9:53:20 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Kaiser8408a

Many don’t know that their taxes are subsidizing mortgages for illegal aliens as we speak and they have been for years.


9 posted on 04/25/2024 10:21:19 AM PDT by doc maverick
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To: woodbutcher1963

BINGO!


10 posted on 04/25/2024 12:04:16 PM PDT by mywholebodyisaweapon ("Carthago Delenda Est")
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To: Kaiser8408a

My bet is we will soon see a surprise rate increase.


11 posted on 04/25/2024 12:32:09 PM PDT by Jonny7797
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To: woodbutcher1963

They need to cut rates before the election.


12 posted on 04/25/2024 6:37:56 PM PDT by Mr. Blond
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To: SpeedyInTexas

Higher values drive higher real estate taxes.

Not a good deal.


13 posted on 04/26/2024 1:28:12 PM PDT by Paladin2
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To: imabadboy99

Nobody wants to sell because their payments, insurance and property taxes will skyrocket.


14 posted on 04/26/2024 1:31:58 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Codeflier

Congress needs to roll back the trillions in spending that caused the inflation to where it was in 2020.


15 posted on 04/27/2024 1:08:46 AM PDT by minnesota_bound (Need more money to buy everything now)
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