ALL rate cut cycles that began with a 50 bps rate cut came during a crisis:
1. 2001, during the Dot-com bubble
2. 2007, during the Financial Crisis
The Fed has sided with 25 basis point rate cuts at the start of every rate cut cycle, UNLESS the economy was in a major crisis. pic.twitter.com/NVVeNkDWXN
— The Kobeissi Letter (@KobeissiLetter) September 18, 2024
I’d go with the market is fucked. pic.twitter.com/6dzXKoKfyP
— EndGame Macro (@onechancefreedm) September 18, 2024
Here is what a 50 BPS rate cute looks like at all time highs after a 10% drop in the S&P 500 a month earlier
Left is September '07
Kinda wild pic.twitter.com/xpP6yASFNX
— Jtrades (@Jhswings27) September 18, 2024
The only times the Fed has cut 50bp after a bull cycle were in 2001 and 2008…#FOMC #Powell
— Wall St Brief (@WallStBrief) September 18, 2024
BREAKING: Jerome Powell gives his remarks after the FOMC meetingpic.twitter.com/yRu7Tu1Vu5
— Not Jerome Powell (@alifarhat79) September 18, 2024
Powell just admitted that jobs data will be revised down going further
Sounds like we were had boys https://t.co/ohetOi0puB
— The Punisher (of Wall ST) (@GregCrennan) September 18, 2024
Barron’s 😂
This was only a few months ago. 👇🏼 pic.twitter.com/DZqob3r5Mt
— Kalani o Māui (@MauiBoyMacro) September 18, 2024
They wouldn't cut this much if economy wasn't already in trouble. In fact, they would have kept it steady bc inflation is still not under control.
— Runz 🐾 🇺🇸 (@Runzwildnfree) September 18, 2024
Calls out Beige Book.
October 23 is going to be lit!
h/t @AnnaEconomist
— Neely (@NeelyTamminga) September 18, 2024
Question Paraphrased: In July you said you weren't doing 50 bps, what changed?
Powell: We made decision on balance of risks and incoming data. We concluded it was the right thing.
— unusual_whales (@unusual_whales) September 18, 2024
Gold and the 10-year are telling you the Fed is now risking letting inflation ignite again.
— steph pomboy (@spomboy) September 18, 2024
Did the Fed just reignite inflation?
We'll see pic.twitter.com/aFR6UHgp7f
— Darth Powell (@VladTheInflator) September 18, 2024
The Fed is aggressively dovish which sets up another collision with the BOJ later this week (Thursday evening U.S.).
Deja vu of August.$USDJPY is at key support going back to the beginning of 2024. pic.twitter.com/P7zIdoWrkc
— Mac10 (@SuburbanDrone) September 18, 2024