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Started By
Message
re: Why would the Fed lower the interest rate today?
Posted on 7/31/19 at 1:57 pm to WildTchoupitoulas
Posted on 7/31/19 at 1:57 pm to WildTchoupitoulas
quote:
Two words:
Dumb arse
FIFY
0
Posted on 7/31/19 at 2:51 pm to WildTchoupitoulas
quote:Two more words:
Two words:
Currency manipulation.
"Response to"
In fairness, this was a response to global currency manipulation.
Draghi is dead set on weakening the Euro.
Abenomics needs a weak yen.
China devalued in response to tariffs.
Meanwhile Powell ran up King Dollar.
Considering the global environment, it was a monetary policy mistake. Powell & Co are fortunate the US economy was strong enough to withstand headwinds overly hawkish Fed policy set in motion.
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