++ 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. ++
- 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". To read this article, please log in or sign up to one of our subscription packages.