This is where you have to wonder what the balance is between stupidity and malice. Turkey very recently screwed over their economy and money by lowering rates in the face of inflation.
I certainly hope so. This might be the one time you see a market rally from a rate hike. Everyone just relieved that the fed hasn’t been totally politicized yet.
Expectations of a Fed rate hike spiking as well.
I sure hope so.
But Trump told his man to lower them.
This is where you have to wonder what the balance is between stupidity and malice. Turkey very recently screwed over their economy and money by lowering rates in the face of inflation.
I certainly hope so. This might be the one time you see a market rally from a rate hike. Everyone just relieved that the fed hasn’t been totally politicized yet.
Already baked in to market prices… It will be a serious negative shock not to increase them at the next Fed meeting.