The Fed Will Ignore Election, Cut Interest Rates Second Half Of 2024 [Forbes]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Forbes
When monetary policy decisions by the Federal Reserve are discussed, some commentators believe that the Fed won't cut interest rates just before an election. Others have said in past cycles that the Fed won't raise rates before an election. In reality, the Fed has done both in the past, and we should ignore the election when trying to forecast what they will do. The chart suggests that in most cases, changes in the interest rates are pretty small. The two exceptions are noteworthy. The blue line at the top of the chart shows 1980, when Paul Volcker raised interest rates to fight inflation. The next line down shows 1984, when the Fed cut rates as the economy recovered from the 1982 recession. Looking at numbers rather than charts, I calculated changes in the Fed's policy rate, called the Federal Funds Rate, for the six months leading up to November in every year since the data began, 1955. Presidential election years averaged increases of 0.18 percentage points, while non-election
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PCG
News
- PG&E Co. (NYSE: PCG) had its price target raised by analysts at Barclays PLC from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
- PG&E First Quarter 2024 Earnings: Revenues Disappoint [Yahoo! Finance]Yahoo! Finance
- Economic And Business Impacts Of FTC's Noncompete Ban [Forbes]Forbes
- PG&E CEO Says Soaring Power Bills Are Poised to Start Dropping [BNN Bloomberg (Canada)]BNN Bloomberg
- Warren Buffett 'got it wrong' on California fire risk, PG&E CEO says [Seeking Alpha]Seeking Alpha
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- 4/4/24 - Form ARS
- PCG's page on the SEC website