The Market Ticker - The Caution Light Is Lit
The last few days have been interesting.
Powell allegedly was expected to make people believe “rate cuts” are coming. Indeed, some of the callers on the various media channels are now claiming six rate cuts will come next year.
I’ll take the under on that: No they won’t because the only way that can happen is if Congress balances the budget, which it has shown zero inclination to do.
I don’t expect there will be any “rate cuts” next year; if anything short rates are going higher, not lower. Why? Because until Congress cuts it out the only other alternative is that the roughly 8% inflation created by Congressional deficit…….
(Click link to read more)
Source: https://market-ticker.org/akcs-www?post=250224
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