Karl Denninger: “No Sir, There Are No Rate Cuts — The market’s reaction to the Fed Rate decision is utterly insane. There’s no evidence for this in the Fed Statement or data.

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by Karl Denninger
2024-03-21 07:00

No Sir, There Are No Rate Cuts

The market’s reaction to the Fed Rate decision is utterly
insane.

Obviously the market thinks rate cuts are imminent. There’s
no evidence for this in the Fed Statement or data.

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Specifically, the Fed strengthened its language on the job
market in this statement, which would tend to remove said
expectation, not add to it.

market-ticker.org/akcs-www?post=250977

market-ticker.org/akcs-www?post=250829

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2023-12-15 09:15:08

There are no rate cuts coming until and
unless Congress cuts the shit.

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Which Congress will not do UNTIL
THE MARKET FORCES THEM TO.

Exactly the lesson Clinton was taught,
and it will happen again. People think
20 years later it can’t or won’t.

It can, will, and is precisely the same
for same reason.

 

h/t dr0id

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