while WE slept: belly BID (SNB cut) on strong volumes; "Federal Reserve marks UP longer-run view on rates"; "Disinflation despite a bumpy road" ... and so, JUNE it is, then; MAYbe, butt...
while WE slept: belly BID (SNB cut) on strong volumes; "Federal Reserve marks UP longer-run view on rates"; "Disinflation despite a bumpy road" ... and so, JUNE it is, then; MAYbe, butt...
Powell's been remarkable all things considered, and is walking a highwire tightrope too. I cringe to imagine all the MSM psyop hoopla if 2 GOP Senators dared write a letter to the FOMC chair demanding a quick soon to be scheduled rounds of big fat rate cuts. Of course Bernie & Warren just did that and nothing but crickets....
Really glad I took off 3 hrs early to ski yesterday, rather than sit at the screen sweating out the Dot Race. 1 look at the market closes really told all there's to know....though ZH's pic of Powell riding a HGH DOVE proved quite the nightcap IMHO!
Powell gave 'em what they wanted......
Don't know if Inflation will cooperate with the Fed's forecast ??
But no one seems to care about that, this week ???
I hope they're right about Inflation....but I think they're too optimistic about
both Inflation's deceleration and the number of Rate Cuts in 2024 and 2025.
But the Chairman may become a "Folk Hero" and I do have to give him much credit
for being a fast learner and correcting his mistakes...
Trump, as much I like him, is wrong to bad mouth J. Powell...
Powell has navigated a very unusual economic period of time and done a rather
remarkable job.....
Powell's been remarkable all things considered, and is walking a highwire tightrope too. I cringe to imagine all the MSM psyop hoopla if 2 GOP Senators dared write a letter to the FOMC chair demanding a quick soon to be scheduled rounds of big fat rate cuts. Of course Bernie & Warren just did that and nothing but crickets....
Really glad I took off 3 hrs early to ski yesterday, rather than sit at the screen sweating out the Dot Race. 1 look at the market closes really told all there's to know....though ZH's pic of Powell riding a HGH DOVE proved quite the nightcap IMHO!
Excellent Summary of the Fed Decision Commentaries!!!