It seems everyone is going big short under the teeth to the FED decision or press conference. I wonder what they do if they are forced to unwind ?. Hmm.... FX market sees a 25 bps cut for 100% sure now.
50 haaaaa He bowed to wallstreet once again!!!!!!! Low rates once again coming. Savers can never have any fun, they got maybe a year worth of nice returns on their savings after waiting what 20 yrs??
People are just SHIT!! They wanted a rate cut, Powell was going to give them just 25 bp cut and they screamed "More more!!" and Powell just gave them 50 bp cut and it's still not enough. The market is still tanking. What more do they want? A 1% cut??!! Cut the rate down to zero again??!! Seriously??!! With such an aggressive rate cut like that, the market should be soaring... Unreal!! The market tanked on a 50bp rate cut!! Whatever...