The Market Ticker - No Sir, There Are No Rate Cuts
The market’s reaction is utterly insane to the Fed Rate decision.
Obviously the market thinks rate cuts are imminent. There’s no evidence for this in the Fed Statement or data.
Specifically, the Fed strengthened its language on the job market in this statement, which would tend to remove said expectation, not add to it.
The Committee is strongly committed to returning inflation to its 2 percent objective.
Well, you’re not headed there with allowing the market to keep believing…….
(Click link to read more)
Source: https://market-ticker.org/akcs-www?post=250977
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