"Clearly the market wasn't confidenced that inflation was under control . . . it all comes down to whether you think it is, so interest rate will be cut globally all around the same time with a still very strong labour market."
The economists know inflation and wages are out of control. (See chart below, and you can read about it here.)
The economists also know that the Fed's prediction of 3 rate cuts this year is total insanity. (That's the real reason why gold spiked today.)
If the fed did that, it would cause the 70's mega inflation cycle all over again. => What we just witnessed from the fed was another Biden puppet show.
The Biden Camp is worried that if the market and the economy dip, the Biden campaign will lose all its momentum and they will never catch up with Trump again.
The big question now is: What does the market do? Do they listen to the economists - or to the Biden Puppet Show?
Powell had better do some back peddling before they rename him "Puppet Powell".
"Clearly the market wasn't confidenced that inflation was under...
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Last
7,629.0 |
Change
42.000(0.55%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,587.0 | 7,640.2 | 7,587.0 |
| XJO (ASX) Chart |