Nomura’s McElligott Asks: What Happens To The Rates Trade If Trump Really Is Playing ‘4D Chess’?
Jerome Powell is really up against it now.
As Mario Draghi learned on Thursday, this is one market that's going to be quite difficult to "out-dove" (so to speak) and Friday's US payrolls report has intensified expectations for rate cuts stateside.
About a week ago, it became apparent that if Powell is intent on delivering a "dovish surprise" going forward, he'll need to, at the very least, confirm at the June meeting that a rate cut is coming in July. Now that the headline on May payrolls miss
I dont buy the “trump will made deal with china” before election angle. why would china make a deal before the election when its possible they will get someone less hawkish from the dems as Prez.
Bc the Dems are as hawkish as he is. See Schumer and Pelosi advocating hardline stance.
Thanks for that Post H…….I think some of us are starting to catch on to Charlie’s thinking with your help…..Trump is ingenious by intuition only…..Sloppy unwind ahead !!?
Why does the Fed have to placate markets? Have I missed something in their mandate or is the S&P the data that the Fed is dependent on?
implicitly, yes: via tightening of financial conditions during a prolonged drawdown.
There are some very interesting quotes from Janet Yellen from past FOMC meetings in several of Hs recent articles (back when she was just a member, not head).