Happy Labor Day! Market Pricing In Nearly 250 BPS In Rate Cuts While Biden/Harris Overstate Job Gains By Almost 1 MILLION Jobs

#bubble, #inflation, Fed, Gold, Inflation, Jobs, Mortgage, Powell, Treasuries, Treasury, Volatility, Wages, Yellen, Yield Curve 1 Minute

What a long, strange trip it has been under the gross economic mismanagement by the Biden/Harris team.

First, market participants are pricing in nearly 250 basis points (or 2.5%) in rate cuts by Jan 2026. Down to 3% from the cuurent rate of 5.50.

Why? The economy is a shambles due to bad economic policies by Harris/Biden and their Congressional stooges, especially Schumer in the Senate and Pelosi in the House. Hence, The Fed will feel pressure to lower rates. Although I don’t think that it will happen.

Of course, the Philly Fed disclosed that the Biden/Harris administration overstated jobs added by almost 1 million jobs in Q2. I would love to see Harris interviewed about that and watch her deflect and break into gales of laughter. How do American workers feel about Biden/Harris overstating jobs gains by almost 1 million jobs?? Isn’t that fraud?

Yield beta is expected to accelerate.

Unknown's avatar

Published by confoundedinterest17

Published