The Federal Reserve JUST released its new Economic Policy Report - here is what’s in it, what they warned us about, and where they see the markets going - Enjoy! Add me on Instagram: GPStephan
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Full Report Here: https://www.federalreserve.gov/monetarypolicy/files/20200612_mprfullreport.pdf
Let’s start off with some of the GOOD NEWS FIRST:
They’ve stated that they’re “Committed to using their full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum-employment and price-stability goals.” they’ve made it VERY clear that, if anything should get TOO BAD…they’ll do everything within their power to lift us back up and support the economy.
Next: Inflation has actually GONE DOWN.
According to their report “Weaker demand and significantly lower oil prices are holding down consumer price inflation” - Now, this is largely due to the fact that most places are you can’t really do much else other than save it, so a bit of this is “forced” rather than voluntary.
Lastly: The FED will keep interest rates close to 0%.
According to the report: “They expect to maintain this target interest rate range until it is confident that the economy has weathered recent events and is on track to achieve its maximum-employment and price stability goals” They’re going to keep interest rates at pretty much 0% for as long as it takes for us to recover, which could very well be a few years based on their estimates.
BUT NOW…we have to go on to some of the bad news, unfortunately:
First, it was found that “The most severe job losses have been sustained by those with lower earnings and by the groups that are disproportionately represented among low wage jobs.” One - low wage earners are more likely to lose their jobs altogether. And even though high wage earners are more likely to KEEP their jobs - they’re just as likely to receive a pay cut.
The other bad news, depending on how you look at it, is that they found: “Borrowing conditions are tight for individuals with low credit ratings, but credit remains available to those with strong credit profiles.” Here’s what this means…if you’re someone with money, with a good credit score, who doesn’t NEED to borrow money…you’re going to have an easy time borrowing money, because YOU are less of a risk to banks. On the other hand, if you don’t have money and you don’t have a good credit score…getting a loan is going to be difficult.
So, overall…here are the main takeaways:
One, the Federal Reserve is going to watch over the economy and do everything in its power to keep us going - including keeping interest rates at historically low levels.
Two, they don’t anticipate any issues with inflation because people aren’t spending money, and the savings rate increased to 33% last month. With fewer people spending money, there’s less upward pressure for prices to increase…and no inflation….for now.
Three, the worst job losses are happening among low-wage employees, especially in service industries that had to be shut down. Even higher paying jobs are seeing pay cuts, although they’re not as severe. Because small businesses employ the majority of low income workers, the FED says that keeping small business afloat will have the biggest benefit to our economy.
Four, getting a loan will be significantly more difficult if you have a bad credit score…and, if you have a good credit score, things will be significant easier for you. So, take some time to begin improving this if you can - this isn’t difficult, and with very little work, you can do a lot to boost your score.
And five: they estimate this will take us several years to begin to return to normal. They don’t anticipate jobs and demand coming back immediately, and only time will tell how this plays out.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
JOIN THE WEEKLY MENTORSHIP - https://the-real-estate-agent-academy.teachable.com/p/graham-stephan-mentorship-program/
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Full Report Here: https://www.federalreserve.gov/monetarypolicy/files/20200612_mprfullreport.pdf
Let’s start off with some of the GOOD NEWS FIRST:
They’ve stated that they’re “Committed to using their full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum-employment and price-stability goals.” they’ve made it VERY clear that, if anything should get TOO BAD…they’ll do everything within their power to lift us back up and support the economy.
Next: Inflation has actually GONE DOWN.
According to their report “Weaker demand and significantly lower oil prices are holding down consumer price inflation” - Now, this is largely due to the fact that most places are you can’t really do much else other than save it, so a bit of this is “forced” rather than voluntary.
Lastly: The FED will keep interest rates close to 0%.
According to the report: “They expect to maintain this target interest rate range until it is confident that the economy has weathered recent events and is on track to achieve its maximum-employment and price stability goals” They’re going to keep interest rates at pretty much 0% for as long as it takes for us to recover, which could very well be a few years based on their estimates.
BUT NOW…we have to go on to some of the bad news, unfortunately:
First, it was found that “The most severe job losses have been sustained by those with lower earnings and by the groups that are disproportionately represented among low wage jobs.” One - low wage earners are more likely to lose their jobs altogether. And even though high wage earners are more likely to KEEP their jobs - they’re just as likely to receive a pay cut.
The other bad news, depending on how you look at it, is that they found: “Borrowing conditions are tight for individuals with low credit ratings, but credit remains available to those with strong credit profiles.” Here’s what this means…if you’re someone with money, with a good credit score, who doesn’t NEED to borrow money…you’re going to have an easy time borrowing money, because YOU are less of a risk to banks. On the other hand, if you don’t have money and you don’t have a good credit score…getting a loan is going to be difficult.
So, overall…here are the main takeaways:
One, the Federal Reserve is going to watch over the economy and do everything in its power to keep us going - including keeping interest rates at historically low levels.
Two, they don’t anticipate any issues with inflation because people aren’t spending money, and the savings rate increased to 33% last month. With fewer people spending money, there’s less upward pressure for prices to increase…and no inflation….for now.
Three, the worst job losses are happening among low-wage employees, especially in service industries that had to be shut down. Even higher paying jobs are seeing pay cuts, although they’re not as severe. Because small businesses employ the majority of low income workers, the FED says that keeping small business afloat will have the biggest benefit to our economy.
Four, getting a loan will be significantly more difficult if you have a bad credit score…and, if you have a good credit score, things will be significant easier for you. So, take some time to begin improving this if you can - this isn’t difficult, and with very little work, you can do a lot to boost your score.
And five: they estimate this will take us several years to begin to return to normal. They don’t anticipate jobs and demand coming back immediately, and only time will tell how this plays out.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
If you want me to start Exposing people on videos starting with Graham Stephan Like my comment. I dont like making videos, but guys like Graham Stephan that seems legit and nice need to be exposed to. These guys sort of piss me off the most because they try to walk the line of I'm good. Infact they are not as good as you think they are. I even know things that even coffee zilla has not even mentioned yet. I care about others and I care about the truth and the whole truth. Graham Stephan is just one of many that might seem nice but is not that nice regarding really helping others. They will all be exposed and might need more than one video per person. So give me some feedback and I will respond back. Have any questions I will answer right away as soon as possible. I just hate half fake people or fake people that lie. If you want to know specifics about any youtuber including Graham Stephan I have no problem exposing him in a message either.
Everyone here should check out Pi crypto, if you don't already have it
use my code: BossNut
I started in october 2019 so I have the fastest rates
I feel bad for anyone taking what this guy says to heart. The fed is printing like crazy, lowering interests even further, yet banks are tightening up lending. See the problem with that? "Too big to fail" economic stimulus policy was tried in 2008, and it failed miserably. Essentially it's a transfer of wealth from the masses to the elite. To not discuss this within the context of his video is intellectually dishonest. It's like he's auditioning for a CNBC job.
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Good video Graham
Refinance or take forbearance for 6 months?
You’d love my new video🙏
Can we be friends ?
whoa. lets just print a shitload of money, give it away, and say it means something to people who lost money in the market. Ok, yeah I believe that.
you have problems with your credit score?
Awesome Mask
Don’t tell ppl to buy and hold if all these stocks are undervalued🤦♂️
Do you edit all your videos yourself? I'd think you'd wanna hire someone since it's so time intensive, but I'm not sure how one would convey the messaging to make sure it comes off how you want. I was just curious. Thanks.
I dont like being told things. I like to see the fact finding process.
Dropped my rate from 3.999% to 2.875%.
Why did I get the notification for this video six days later? 🤔
Graham you have an amazing channel and personality, wish I could do something similar with a focus on South Africa. We need this type of content.
Tell us something new we know all this .
i’m def gon need to watch those credit vids
i want to use this medium to appreciate this amazing trader Mr David Bruce. keep the good works sir, i am grateful
When are you going to buy a Rolex?
So, whether or not we agree… just agree with you because we're wrong?! That's kinda what it sounds like you're saying. Bailouts don't help in any way! That's why Obummer fired the CEO of GM, among other corporations. When you accept taxpayer funds, you become beholden to the state. Then the state takes control of your company; you know socialism/communism/fascism.
So happy I found this channel. Im a new student in finance and will try to follow your content as i learn the craft.
I don’t know. So far, in my city at least, there are plenty of warehouse jobs. I have a full time job involving the utilities. I deliver Uber Eats part time for $25-$40 per hour. I think the prudent thing to do is, as long as your saving, spend locally to help others employed.
Mr John Brooks has the best strategy out there i make $8,035 every 7 days with him as my trader.
The Federal reserve is looking after itself, Wall St. vs. Main street and Wall Street is winning big while main street receives a stiff one. Enjoy your life long servitude, now get back to work while Bezos buys another island. What SHOULD happen is that Wall street should go to jail, and the government with it.
Great stuff. I started watching your videos last year as a beginner before giving stock market a trial, i was able to make $472,000 within 4months with a capital of $200,000. Keep it up Stephan
What kind of watch are you wearing?
?