Fed meeting
Will Jerome Powell come out to spoil the bull party? The market is widely expecting Fed to cut rate by 25 basis points, which is very very likely to happen.
But, with Trump coming back to the office, there are speculations that inflation may tick up. If that happens, Fed has to slow their rate cut campaign. Let’s see if Powell will be hawkish today. Probably unlikely? I mean, would he want to offend the incoming President?
But, with Trump coming back to the office, there are speculations that inflation may tick up. If that happens, Fed has to slow their rate cut campaign. Let’s see if Powell will be hawkish today. Probably unlikely? I mean, would he want to offend the incoming President?
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103966719 : no chance. he won't speculate
intuitive jackal : that's what I'm thinking, better to crash now and recover quickly