Market pressure heats up on the Fed with at least three cuts now priced in for 2020

The economic data particularly in the U.S. has continued to be strong, with reports Thursday showing a less-than-expected drop in durable goods orders and, with the 5.2% gain in pending home sales well above the 2% market expectation.

Still, the market is looking for the Fed to help stem what has been the worst week on Wall Street since the financial crisis.While that response would likely come in the form of an interest rate cut or series of cuts, there's also some sentiment that the Fed could start up another round of quantitative easing to stimulate growth.

"We think a 10% S&P 500 equity index drawdown would prompt the Fed to act decisively, cutting rates and perhaps even stepping up its asset-buying program," Alain Bokobza, head of global asset allocation at Societe Generale, said in a note to clients.

what's resisting

If the market is setting the rates, who needs the FED?

In Feruary alone...............😯

75bps. So nice.

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