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Next Week's Macro Outlook: Don't Get Too Excited About Rate Cuts, Don't Panic About PCE
Summary: Amid speculation this month, Wall Street traders flooded into the stock and bond markets, betting that the Fed is ready to cut rates again. All they were waiting for was Fed Chair Powell's approval to sustain the rally. Their wish came true on Friday as Powell took a dovish stance in a highly anticipated speech, ...
Amid speculation this month, Wall Street traders flooded into the stock and bond markets, betting that the Fed is ready to cut rates again. All they were waiting for was Fed Chair Powell's approval to sustain the rally. Their wish came true on Friday as Powell took a dovish stance in a highly anticipated speech, sparking the biggest cross-market rally since April. The cryptocurrency market surged, with Ethereum prices hitting...
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Link: Next Week's Macro Outlook: Don't Get Too Excited About Rate Cuts, Don't Panic About PCE [Copy]
