The Fed is gonna cut 25bps on Wednesday and the market knows it but is just waiting to hear this crusty dude say some random words of vague ass forward guidance, the same we he always does, before it moves trillions of dollars in one direction or the other.
The money priest must read the signs and present us with devined new price of everything.
Here we go again!
Money priest is a great way to put it.
Right?!? I love how they’re trying to sell us the “hawkish” rate cut. Lol. Especially since Powell did the same thing last cut. And look, we’re cutting again. Clowns.
It’s hawkish if Powell rubs nose and tugs his ear. If he doesn’t, it’s super dovish.
The wizard of Oz is out of tricks
