'Apolitical' Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs
‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs Tl; dr: Despite only 9 of 113 economists surveyed expecting a 50bps rate-cut, Powell and his pals did it. At the same time they slashed their ‘DOTS’ expectations for rates, despite not adjust growth expectations, barely adjust unemployment, and hoping for lower […]
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