Fed Stands Pat In First Unanimous Decision Since May; Dots Show Policy On Hold Through 2020
“…policy is appropriate”.
“…policy is appropriate”.
It would be both correct and incorrect to say the week ahead will be all about trade.
… and the Fed delivering 100bp of easing in the first half of 2020.
“[Trump is a] tough, canny, wily negotiator”.
“Everything we know about financial markets”…
“He could have had a deal in May”.
“Our S&P 500 forecasts have a V-shaped profile”.
“It’s in some ways healthier”…
Downside risks are still elevated, though.
Risk aversion runs rampant as Hong Kong bill hits sentiment.
Only the dead have seen the end of war.
There’s plenty of optimism, but when it comes to trade, market participants are understandably jaded.
“Two strategies that in theory should have little to do with each other” have been “nearly 100% correlated” recently.
The two sides “are in the process of resolving outstanding issues”.
“Many believe Trump will keep at least one more ‘negative trade surprise’ in his pocket”.
“Act as appropriate” is gone.
Will it be “three and out”?
“So far, all systems are go on that”.
This is spectacularly stupid.
“…if any of those clowns became President!”
But a “technical” matter…
The headline hockey continues.
Tasseography time.
“Monetary madness like we have never seen before”.
Patience is a virtue. And China has been patient.
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