Market may be expecting more rate cuts than the Fed will deliver, meeting minutes show

Fed minutes show that "a few participants" at the September meeting said prices in futures markets "were currently suggesting greater provision of accommodation at coming meetings than they saw as appropriate."

Minutes revealed those concerns, along with some worry that a market clamoring for easier monetary policy might be getting ahead of itself. In addition, the minutes note that "several" participants thought the committee, in its post-meeting statement, should provide some guidance as to how long the Fed would remain accommodative due to concerns over tariffs. The final statement did not include that type of language.

Minutes showed that trade was the overriding concern. The issue garnered 28 mentions in the document, with members repeatedly expressing concerns about the impact tariffs were having on business activity.

There minutes forgot to mention they are Insolvent. First 95 years of existence accumulated $800 billion on balance sheet. Last 3 WEEKS of existence accumulated $178 billion on balance sheet.

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Trump's trade tweets have moved market's Fed expectations, Goldman saysPresident Donald Trump's tweets on trade have much more of an impact on the market's expectations for Federal Reserve monetary policy than his tweets directly criticizing the central bank, Goldman Sachs said. To the extent that Trump’s tweets are killing business confidence, this is prob true. Powell stated as such: “our business contacts around the country have been telling us that uncertainty about trade policy has discouraged them from investing in their businesses.” The markets are full of uneducated sycophants if they listen to a guy who lies by the second. Trump needs to go. I supported him but no longer. He is a drama queen, and destroying Americans wealth and companies. Please impeach this idiot, he needs to go now.
Source: CNBC - 🏆 12. / 72 Read more »