Quote:
Originally Posted by ajlaxmn
I haven't been paying as attention to the possibility of a rate cut like in previous FOMC decisions. Is the likelihood of a rate cut the same as last decision or slightly higher? I'll play it as usually, VERY LIGHT, just to get the experience. Wondering if no change would result in more of a drop than last decision, which didn't seem to have much movement.
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Pretty sure Powell was supposed to cut last FOMC but didn't because he was being a duckhead because he doesn't like the current President
This is the last FOMC until May so I'd expect a cut because we already know the economy is in the crapper after the latest GDP downward revision
So a big move is coming just depends on which way Powell wants to send it
If I was guessing though, I'd say Powell will pump it because hedge funds and MM's got some sweet entries last week when the market crashed lower than expected. Mentioned last week that it looked like hedge funds were trying to get a good entry by driving it down more, so we'll see