Did You See What The Federal Reserve Did?
Did You See What The Federal Reserve Did? by Rory for The Daily Coin
Open mouth, insert gold injection
See the line going straight up – well, that’s what happens when thieves are trapped and have to admit their schemes are total failures. Now the whole world can see what losers the Federal Reserve gang is.
The image at the bottom shows President Trump looking over the shoulder of the enemy. Trump knows who this guy is and what his organization is all about. What President Trump has done, has shown these criminals to the average citizen to be exactly what they are – a political tool to rob the many and give to the few. With another 6 years to go, how much more will these criminals be exposed?
In the meantime enjoy the nice upward jolt Fedhead Powell just handed both gold and silver. We’ll see how long before the scumbags on the Federal Reserve trading desk allow this rise to live. Hard to tell the charts one from the other.
With stocks 1% away from record highs and bond yields (and the curve) tumbling as market expectations for multiple rate-cuts surge, Fed Chair Powell is going to have to thread a very fine needle today – shifting Fed indications towards the market’s view without panicking markets over “what he knows that we don’t.” And of course, Trump will be watching closely…
Offering Powell some room for maneuver is the fact that June rate-cut expectations are around 23%, but July expectations are over 80%, so the dots better adjust soon.
And the market is pricing in two cuts in 2019 and 3 by the end of 2020, though we note that the last two days have seen a significantly hawkish shift in the 2019 rate expectations…
And considering that financial conditions are back near record easiness, what will The Fed cutting rates actually achieve other than to maintain equity prices that have levitated on this hype?
Survey-based inflation expectations are at record lows and market-based inflation expectations are crashing.