Hell yeah! Here we go. September 18 is the first rate cut, if Powell cuts 50bps the bulls run and we party. 25 bps cut is more likely, but it sounds like we are in for several rounds of cuts. Before the elections and after Trump called for no cuts. If you are into conspiracies, there is your red meat.
Hit the fawking gas Jerome.
Powell said the labor market has reached goals and doesn’t need to soften anymore and inflation is within the 2% goal. 2 years ago he predicted pain for the American consumer and he delivered on that promise. But he has avoided a widespread recession. So far.
Wait a minute, you said 50 😂
And hold your horses on the labor market news. Thats still a moving number…. Reality vs what Powell wants or needs.