​A Premature Fed Rate Cut Will Be A Mistake Of Olympic Proportions – Tyler Durden

A Premature Fed Rate Cut Will Be A Mistake Of Olympic Proportions By Benjamin Picton, Senior Macro Strategist at Rabobank Equities pumped on Friday to recover some of the losses posted earlier in the week. The EuroStoxx50 rose 1.06% to 4,863, the S&P500 closed 1.11% higher at 5,459 and the NASDAQ was up 1.03% to 19,023. High beta China-adjacent currencies like the AUD and NZD came in for a battering during the week after a surprise rate cut from the PBOC and a broad selloff in commodities. The Japanese Yen, meanwhile, surged on renewed bets that the BOJ could be…  — Continue at ZeroHedge News : Read More