Stop thinking that J. Pow is gonna lower rates.
He won’t.
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4 more months
He will eventually. He won't have any choice.
But the Fed is a shitcoin.
I think he’s gonna let European banks relax their interest rates more before he starts using up this last reload of ammunition (basis points). And, this is the last reload.
Lowering rates just makes a speculative attack cheaper and more profitable.