Fed
Are we Fedup with the Fed Watch already ?
I say its 100% there will be a 1/4 point cut.
EVERYBODY AGREES
Usually when EVERYBODY agrees we get something else
But in this case
If they don’t cut…the Stock market will go nuckin futz to the downside AND trump will Fire The fed head.
If they cut 1/2 ..they will appear panicked and who knows what happens to stocks BUt gold will Go nuckin Futz up.
so 1/4 point is a sure thing….but everybody sits and waits .
My bet is quarter cut with a bunch of hawkish bs in the press conference. Gold then has a weaker August as we await the September announcement from our monetary gods.
Just like clockwork… https://www.bloomberg.com/news/articles/2019-07-31/fed-cuts-rates-by-quarter-point-and-signals-potential-for-more?srnd=premium
Probably right
But when did they ever just cut 1 and done ?
ha
Powell coming across like Mueller did last week.
POWELL: NOT START OF LONG CUTTING CYCLE BUT COULD CUT AGAIN
POWELL: DON’T ASSUME WE’LL NEVER HIKE RATES AGAIN