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Money and Finances
Reply to "Suddenly Noticing High Retail Prices everywhere "
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[quote=Anonymous][quote=Anonymous]One of the Fed Governors resigned today. We will get a cut soon. Prices will go down measurably. Taxes too. [/quote] How can prices go down when tariffs are 10-40% more on every product imported into the country? Who do you think is paying for this increase in costs? Taxes are going down if you’re rich, congratulations. For everyone else, nope. And I agree that rates are guys get cut because unemployment is going up. So you get an interest rate cut to purchase a new automobile, but the cost of the automobile has increased 5,000 to cover that 50% tariff on steel and aluminum. Not winning. [/quote]
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