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Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- For the past year, the Fed has kept interest rates at their highest level in more than two decades, making it more expensive to get a mortgage, borrow money and pay off debt.
- “A rate cut could be on the table in the September meeting,” Fed Chair Jerome Powell said on Wednesday, immediately jolting markets.
- But some of that luster faded later in his press conference as he repeatedly told reporters that a September cut is by no means a sure shot.
- And if you’re thinking the Fed surely won’t begin cutting in November because of the election, you might want to reconsider.
- The Fed, Powell said, will act in the best interest of the American economy regardless of the timing. “We don’t change anything in our approach to address other factors like the political calendar,” he said.
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