...if the market gets this ahead of itself, a sharp correction could be in offing.
...that would even make a 25bps cut a disappointment and source of concern.
...Powell would more likely take baby steps.
The market will respond unfavorably to the unfounded speculation of an interest rate reduction. Powell's actions carry a high level of risk.
Powell is cognizant of the limited time he has and will likely endeavor to sustain the current economic conditions before markets deleverage.
Gold is sending a warning signal
Won't be long.
https://x.com/great_martis/status/1825614297797636279
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