Stocks & Bonds Sold Ahead Of Fed Decision; Crypto & Crude Surge
Posted on AllSides September 17th, 2024
From The Right
Stocks & Bonds Sold Ahead Of Fed Decision; Crypto & Crude Surge Hot retail sales print and better than expected Industrial production data are not exactly what the doves wanted to see ahead of tomorrow's big decision (25 or 50bps). Does this look like an economy that needs rate-cuts? Source: Bloomberg To complicate things further for traders, NikiLeaks (WSJ's Nick Timiraos) said withholding a larger cut could raise awkward questions (and Goldman's trading desk reminded that going back to Bernanke, the Fed typically delivers close to what the market is...