“Powell has been very clear on this point—he is not going to cut rates unless/until economic indicators crash and burn.”
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I would like to believe that, but IMHO, the Fed and the Globalist Deep State are one. So ultimately the Fed will do what they are told.
I think the stock market will do very well between now and November.
Powell has almost certainly already been told to cut rates—and so far he has held firm and explained why.
I take him at his word at this point.
If rates were lowered inflation would re-ignite and explode.