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    'Apolitical' Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs

    By CDM Staff
    September 18, 2024
    1 Comment
    'Apolitical' Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs
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    Tl; dr: Despite only 9 of 113 economists surveyed expecting a 50bps rate-cut, Powell and his pals did it. At the same time they slashed their 'DOTS' expectations for rates, despite not adjust growth expectations, barely adjust unemployment, and hoping for lower inflation.

    And all this two months before the election... amazing!

    To read more visit Zero Hedge.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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    fredricjl

    Anything and everything to elect dems. Such corruption!

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