​When Powell Cut Rates By An “Emergency” 50bps, Did He Expect Yields Would Be 50bps Higher A Month Later – Tyler Durden

When Powell Cut Rates By An “Emergency” 50bps, Did He Expect Yields Would Be 50bps Higher A Month Later By Michael Every of Rabobank When the Fed cut rates by ‘only-in-an-emergency’ 50bps on September 18 as it Orwell-style said the US economy was “good”, I wonder if their army of market economists had warned them that just over a month later, the 2- and 10-year US Treasury yield would both be trading around 50bps higher at 4.02% and 4.18% – and with market chatter that we could test 5% in the latter ahead? If they did, why did the Fed…  — Continue at ZeroHedge News : Read More