​Wall Street Reacts To Today’s 50bps “But No Crisis” Rate Cut – Tyler Durden

Wall Street Reacts To Today’s 50bps “But No Crisis” Rate Cut Well, once again the majority – make that the vast majority – of “economisseds” were dead wrong, and as we noted earlier, 105 of 114 economists predicted a 25bps cut… and were wrong. But don’t blame them: it really is the Fed’s fault – again – because while odds of a 50bps rate cut were only 10% as the Fed entered its “blackout period”, these surged after an unprecedented media leak campaign in the past week pushed 50bps odds to 70% (and yes, we can now confirm that Powell…  — Continue at ZeroHedge News : Read More