"Higher for longer."
Most pundits: 5% to 5.2% through the end of the year; small cut in 2024; followed by another small cut in 2025.
A few pundits: we could see one cut by the end of the year
Pundits continue to tell us we need to see unemployment increase. Wow. Doing what they can to put people out of jobs just so butter can come down in price. Wouldn't it be better if we worked to "grow economy" into full employment instead of shrinking the economy (recession) by cutting jobs?
Biggest shock to day: Ford halts production and shipments of its electric F-150 Lightning due to potential battery issue. Say what? Potential? What? No guts, no glory?
CNBC releases chart showing where inflation exists in the economy. Practically all of it was in food which the Fed is not targeting.
Dianne Feinstein, 89, won't see re-election. Eighty-nine years old and someone was encouraging her to run again. Wow. C'mon madam: I retired at age 57 and never looked back. What a sad life to "die" in the US Senate.
DIS actually eked out a gain today.
DVN missed (by a big margin); drops over 5% after hours and cuts fixed+variable dividend. Obfuscation: the company says it raises its regular dividend by 11 percent, but qtr / qtr the F+V dividend goes from $1.35 to 89 cents, or a cut of 34%.
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