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DrScopeify
CNBC Television
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Comments by "DrScopeify" (@drscopeify) on "European Central Bank lowers key rate to 3.25% in third cut this year" video.
The FED is behind 0.5% right at this moment but by the end of the year with what will be likely I think weak holiday sales the FED will be well over 1% behind if not 1.5%, that is a massive hole almost on the mistake side. The 10 year went up since the FED cut rates becasue of the low volume of demand which allowed rate setters of the 30 year mortgage to use even the most minor good economic news as leverage to raise cost of borrowing to compensate for the low volume. The FED needs to cut more in order to raise the volume of loan applications which will lower the mortgage rate. However the FED might make a second mistake, and interpret the rise in yields as a sign of inflation risk while it is actually a sign of low demand.
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