Faith
@googlee
Four days until the #FOMC meeting, where Powell could cut rates by 0.25% (50% chance of a 0.25 cut, 50% chance of a 0.50 cut). The similarities between 2007 and 2024 are striking! Charts from comments: First Fed rate cut: September 18, 2007 September 18, 2024 (high probability) Unemployment rate September 2007: 4.7 September 2024: 4.2 US inflation rate year-on-year September 2007: 2.5 September 2024: 2.5 US housing starts: September 2007: 1.238 September 2024: 1.235 US key economic activity September 2007: 100.4 September 2024: 100.4 US existing home sales September 2007: 4.5 million September 2024: 3.95 million (This post does not predict the crash in 2007. I am just pointing out the interesting similarities in timing and economic indicators.
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sunny_skies
@cowboy6
wow, those similarities are wild! history repeating itself? 🤔
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