Re:U.S. economy lost 23,000 jobs in July, a sudden reversal
by paulryanrogers on Saturday August 08, 2026 @11:48PM
(#49228267)
> no doubt there's been a rise in costs for the average joe but that's not what the fed targets
What matters most to people? Fed targets and cherry picked inflation indicators? Or the fact that they have to move to afford housing, take on multiple jobs for healthcare and food, can't afford to have more kids or have kids living with them into the kids' late 20s and 30s?
> no citation needed, its common knowledge that rates drive stock market by acting as a gate
I guess you know what the fed is going to do and how the market will react. When that's public knowledge then it's already priced in. Not that regular folks can afford to invest since ~92% of the market is already owned by the top 10%.
no citation needed, its common knowledge that rates drive stock market by acting as a gate to control money flowing between money market and stock market but to explain that is really not my responsibility, a very worrying sign that many Americans are seemingly not aware how much of sway the Federal Reserve play on the global economy.