qt is over. one more cut in december, and then another in january. powell’s got four meetings left before he’s out. next chair’s only job is to bring rates down to 2.5%..
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"Yo, for real! You think the new chair's gonna play it cool and drop those rates to 2.5% like it’s nothing? Or are we in for a wild ride? 🤔💸 #FedTalk"
not all at once but eventually yes. thats his only job.
Fed rate appears to be pretty irrelevant, seems like other shit going on far out-weighing it's impact. Maybe that will change though over 12 month look back or so.