​Watch Live: Fed Chair Powell Explains Why He Cut Rates Again As Growth & Inflation Data Surge – Tyler Durden

Watch Live: Fed Chair Powell Explains Why He Cut Rates Again As Growth & Inflation Data Surge A 50bps rate-cut six weeks before the election – not political at all. And now Fed Chair Powell has to explain why he cut rates again despite surging macro data (growth scares completely erased and reignited inflation fears), record high stocks and soaring Treasury yields. There was barely a blip of reaction across markets after the hawkish statement, so it will come down to what Powell says… though Dec rate-cut odds are sliding… Will Powell use the presser to jawbone expectations of the…  — Continue at ZeroHedge News : Read More