‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs

‘Apolitical’ Fed Slashes Rates By 50bps With Stocks & Home-Prices At Record Highs:

Tl; dr: Despite only 9 of 113 economists surveyed expecting a 50bps rate-cut, Powell and his pals did it. At the same time they slashed their ‘DOTS’ expectations for rates, despite not adjust growth expectations, barely adjust unemployment, and hoping for lower inflation.

And all this two months before the election… amazing!

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