​’Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs – Tyler Durden

‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs Tl; dr: Despite only 9 of 113 economists surveyed expecting a 50bps rate-cut, Powell and his pals did it. At the same time they slashed their ‘DOTS’ expectations for rates, despite not adjust growth expectations, barely adjust unemployment, and hoping for lower inflation. And all this two months before the election… amazing! Amazing what an 818K downward jobs revision that “nobody could have seen coming because the Biden economy was so strong” will do… pic.twitter.com/xvTwmE4eUJ — zerohedge (@zerohedge) September 18, 2024 Paging Arthur Burns… …and of course,…  — Continue at ZeroHedge News : Read More