Graham Stephan, relaying another source: Fed policy rate will fall

Said on Aug 6, 2024, at 8:36 in the video.

What was said
Graham Stephan

@grahamstephan

“as of now some economists are calling for the Federal Reserve to make an emergency rate cut to help soften the blow others say the Federal Reserve is too late for rate Cuts since they should have started sooner and as of today the market is pricing in the strong likelihood of a 50 basis point rate cut as soon as this September”
Watch at 8:36It Started: Japan Just Broke The US Stock Market
PredictionFed policy ratewill fallby Nov 4, 2024
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202120222023202420252025Said on Aug 6, 2024
−2%0%2%4%6%2021202320242025Said on Aug 6, 2024

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

shortly before it was announced that Google violated antitrust laws by paying to have their search the default on Apple products which made up 36% of their revenue all of this means that Warren Buffett raised a substantial amount of cash before anything like this occurred essentially at the peak of the Market which great move although in terms of what this means for the future here's where things get very interesting with rate Cuts as of now some economists are calling for the Federal Reserve to make an emergency rate cut to help soften the blow others say the Federal Reserve is too late for rate Cuts since they should have started sooner and as of today the market is pricing in the strong likelihood of a 50 basis point rate cut as soon as this September now if you think oh great the Federal Reserve is going to lower interest rates and then the stock market is going to go up keep in mind in mind that since 1990 every single time the Federal Reserve has lowered rates the stock market has declined why am I wonder well historically the Federal Reserve has not lowered interest rates unless they absolutely have to it's not like they look at the stock market and say ooh the stock market's

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