Tears Before Bedtime

++ The Fed will keep cutting, they're just getting their arguments together = positive for risk assets, sell volatility. Powell can't communicate = risk of wobbles on the way. ++

  1. Powell press conference leavesĀ confusion, the 25bp cut was "insurance" and a "mid-cycle adjustment". It was "not the beginning of a long series of cuts" but then nor did he say it was "just one".
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