Despite Powell’s confusing messaging on inflation, the market is pricing in an 80% chance of a rate cut in March 2024.
The Fed’s dots plot shows the same thing: Fed target rate falling like a paralyzed falcon.
As gold soars to an all-time high.
The difference between California governor Gavin “Toothsome” Newsom and Leave it to Beaver’s Eddie Haskell is that Eddie Haskell was more sincere.
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