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

September 18, 2024

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

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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!

Amazing what an 818K downward jobs revision that "nobody could have seen coming because the Biden economy was so strong" will do... pic.twitter.com/xvTwmE4eUJ
— zerohedge (@zerohedge) September 18, 2024

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