What would the Fed do if economic factors were all it looked at?
Services are Hopping. The #1 Biggie is Hopping the Fastest. It all adds to GDP!
Revisions show the slowdown expected this year hit last year, and now is the rebound. If there’s ever a time for the Fed to not cut already low rates, it’s now.
Story stocks, momentum stocks, hyperventilation stocks, consensual hallucination stocks, financial engineering stocks: anything but reality.
Wall Street’s fervent hopes and prayers for rate-cut ammo were not fulfilled.
The inflation index the Fed anointed as its yardstick booked two big jumps in a row: May near the top of the range since 2010; April, third largest jump since 2010.
For six months now, folks said the Fed had made a “U-turn” and would cut rates at the “next” meeting, etc. But none of it happened — and might not happen. Here’s why, in Powell’s words.
The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank.
Those who bet on the most obvious short in the history of mankind got the heads handed to them.
Stock market and corporate bond market are in la-la-land, pricing in an economic boom. They’re not seeing a rate-cut economy. So why would the Fed?