The Federal Reserve cut interest rates by 50 basis points and they revealed the reserve members are currently leaning to another 50 by the end of 2024 and another 100 points in 2025.
The US interest rates are a huge impact on the world economy and to technology companies.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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They are yes doing this for elections, but they have to cut rates to get growth. The stupid system is set up so every single penny produced, all currency, is created with debt. The slightest thought will show that as all money is created with debt that to grow the economy you have to have more cash, more debt and as the debt compounds it increasingly eats up the money supply and makes the debt even worse. It’s a fundamentally dishonest system put in place by back doors deals, corruption and bribery. It’s also a Ponzi scheme that will eventually make things so unstable they will either scrap it, obviously for some other odious rip off, or the whole thing will crash and burn.
Obvious election related
The Fed feeds the inflation beast.