I feel like the ladder has been taken off.
Mr. Powell's remarks saying “we are not in a hurry to cut interest rates,” and statements from other Fed members who are cautious about cutting interest rates were scattered yesterday and today. Hey hey, I looked at your dot chart and understood that it was a phase where interest rates were cut...
Although there was an element of a landslide victory between Trump and the Republican Party, I didn't think there was such a decisive change in the macroeconomic situation after September (employment statistics are also fine for September and October), so it's not interesting at all.
However, the salvation for the heart is that interest rates have surprisingly not risen even with such reports (well, they may explode tomorrow morning...). Also, there is a considerable downward trend in resource prices, starting with crude oil.
Stocks and debts have been weak for the past few days, so it's not interesting, but let's do it without going bad.
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