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Stock market expert says Fed will pivot and cut rates 'very shortly'

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After predicting a high probability of a market crash within the next 60 days, The Bear Trap Report's Larry McDonald weighs in on 'the beast' that will now force Fed action.

and discuss its next rate hike decision. According to McDonald, the central bank remains unlikely to cut this time, but it will happen "very shortly."

"The Street was looking for 50 basis points of rate hikes tomorrow... the beast in the market is taking central bankers in the United States and Europe and slamming them over the beast's meat, so everything the central bankers wanted to do going forward is now highly suspect," McDonald explained. "Rate hikes are going to turn into rate cuts very shortly. And what's happening in Europe is just a follow-on relationship to the U.S.

 

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I agree

The bank fiasco has been known and planned for a while. More banks will fail. The endgame is a cashless society. Resist digital currency with all you’re worth. Why? The government can track you, hunt you and cut you off! The ultimate control!

Not sure that will happen

Doubt it 😕

.look into MMTLP bigger then FTX, SVB, CreditSuisse & MADOFF

Please look into MMTLP bigger then Credit_Suisse FTXscandal SVB Madoff

100% rate hike by fed next week

Highly unlikely. They'll raise it another .25 or .50 because the desired level of damage has not yet been achieved.

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