Financial media usually noticeably less biased. Not now. Even the guys who generally are non-partisan can’t help themselves. Never seen so much bias in financial media. They just can’t wait for any data that they can use to talk shit about Trump. And they are getting the opposite. Fed speak. Same thing. Time to cut rates.
PPI print really disappointed CNBC. Expected more from cnbc….
- Thread starter -lowcountrydawg
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We are about to add $600B a year to a $2T deficit. Rates aren’t being cut anytime soon!
Rates popped a whopping 2 bps on the news. It’s hilarious how democrats are all the sudden fiscal hawks now Trump is in office. Truth is that US treasuries are far and away the safest securities on the planet. The “where else you gonna put your money?” factor is always in play. The fed absolutely wants to cut but they have a scapegoat in tariffs if they are late in cutting, so they are waiting…..despite all inflation prints lately coming in waaaaaaayyyy below expectations. Once the tariff impact has come and gone…..you’ll see rates go down and go down fast. The 10 year was below 2 when we had massive deficits also.
Yup and it’s a sign of the impending monetary catastrophe as the party running all 3 branches of government has absolutely no desire to set us on a path to fiscal responsibility.
Adding $600B a year to the Federal deficit for the next decade on top of the $2T+ existing deficit will prevent the Fed from cutting anything. It’s the most fiscally irresponsible thing that could possibly be done right now.
Rates or yields? Because mortgages were off about 50bps from this morning’s high and are most definitely not headed down. Market is now forecasting two rate cuts by December.
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I'm sure the record $16B we collected in April will have a profound effect on the deficit...only need about $2,584,000,000,000 more this year to make the math work!
US rakes in record $16B in customs duties in April from Trump tariffs
Overall, the US government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier.
nypost.com
That's one month.I'm sure the record $16B we collected in April will have a profound effect on the deficit...only need about $2,584,000,000,000 more this year to make the math work!
US rakes in record $16B in customs duties in April from Trump tariffs
Overall, the US government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier.
I’m sorry, let’s do a whole year of record setting monthly tariffs.
Now you’re only $2,408,000,000,000 short. Congrats. You’re learning about large numbers.
That's only tariffs. There are other sources of income that will expand as the economy turns. Your guys caused a large part of the problem, and it cannot be fixed quickly or for free. Although I'm impressed that you hypocritically and suddenly are a budget hawk.
Love that you and fellow Dems FINALLY are concerned about fiscal responsibility ..never saw you make the first post when your admin destroyed the US economy the last three years…LMAO..What a joke!
