Alternative Visions- Fed Rate Cut + Wars Update + EU’s ‘Plan B’
Alternative Visions

Alternative Visions- Fed Rate Cut + Wars Update + EU’s ‘Plan B’

2024-09-23
Today’s show covers what’s behind Fed’s .50 pt rate cut? Powell says Fed because ‘economy is good’. More likely because US goods sector economy weak. Data shows US goods sector in recession. Fed GDP forecast for 3rd quarter 1.7%, closer to 1st quarter’s 1.4% not 2nd’s 2.8%. Why massive US deficits & debt will mean big austerity spending cuts in 2025 further deepening recession. Wars update: the Mossad ‘pager’ sabotage event and almost certain war against Hezbollah in north within weeks....
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