Looks like another rate cut is in the books. Would love to get the WSO community's thoughts on what I'm struggling to view as anything but sheer lunacy.
To be frank, I was hoping there was someone with SOME sense at the Fed who wasn't going to fall into this trap of alarmist thought with unemployment at record lows and inflation within the target band, but I was woefully wrong. Increasingly it seems like we are exhausting the potential fiscal and monetary levers we could pull come true economic instability.
However maybe I'm wrong and Powell's crystal ball has telling him something the reasonable people can't see. Let me know your musing's Monkeys.
I think there’s concern about the US interest rate level vs. some of the flat/negative rates globally. I’m not positive the domestic picture alone is being taken into account.
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