Rogue Trader Bets $80 Million Fed Will Start Slashing Rates By Year End

[ETJ]

https://markets.businessinsider.com...l-start-slashing-rates-by-year-end-1032066820

 

[schizo]

Stupid title. There was nothing "rogue" about it. Also even a rogue lay trader like me have been saying for a very long time that the Fed has always been under the influence of Wall Street and it's only a matter of time before Powell caves in to their demands.

You just wait another 6 months and see what the FED will do. If I'm not mistaken, Wall Street will revolt, demanding that he lower the rate. And guess what will happen? That's right, he'll cave in.

BTW Fed is and has been under the sway of Wall Street. If the fat cats on Wall Streets show their disapproval, as they've done recently with the threat of recession, Powell will cave in.

The problem is that the Fed knows that they are between a rock and some creepy place called recession. Also they're under immense pressure from Wall Street. As I pointed out elsewhere, Powell and his cronies will likely cave in.

Next FOMC will be 50. Powell's no Volcker and he'll cave into political pressure, as he has been doing for the last 2 FOMC meetings.

 

[notagain]

Rates go to zero when we light up China, war = clean slate.

 

[maxinger]

https://markets.businessinsider.com...l-start-slashing-rates-by-year-end-1032066820

Did the writer use Google Translate?

There is nothing Rogue about this trader.

 

[M.W.]

The entire publication is bullshit. I blocked them from any newsfeed. Pure clickbait.

Stupid title. There was nothing "rogue" about it. Also even a rogue lay trader like me have been saying for a very long time that the Fed has always been under the influence of Wall Street and it's only a matter of time before Powell caves in to their demands.

 

[countryBoy641]

Bottom line, the U.S. Treasury can't afford to pay higher interest on the national debt.
Congress has much more important expenditures in mind (bridges to nowhere, slavery reparations, absolving student debt, etc )
Powell will not cut, until the first three alarm fire gets called in (XYZ Pension, etc).
Then he will cut rates with abandon.