The Fed is now playing with fire:
Cut interest rates = Asset bubbles form
Keep rates same = Severe recession unfolds
This is a policy mistake in the making pic.twitter.com/873iqKepEN
— Game of Trades (@GameofTrades_) September 9, 2024
The equity market rally may stall near record highs even if the Federal Reserve starts a highly anticipated rate-cutting cycle, according to JPMorgan Chase, $JPM.
— unusual_whales (@unusual_whales) September 9, 2024
Something doesn’t make sense. Why are stock prices falling when the Fed is set to lower interest rates to avert a recession and to stop the unemployment rate from rising by boosting economic growth? We had a glimpse of the answer in early August: The carry trade is still… pic.twitter.com/cEU5Tn2Eoa
— Yardeni Research (@yardeni) September 8, 2024
