The market's pricing in a Fed hike — that's not happening next week. No 25bps raise. Rates stay flat, no change.
Trump put Kevin Warsh in to cut rates, not hike them. Zero shot he lets rates climb right before midterms. Political calendar matters more than the dot plot here.
If you're positioned for a hike, you're on the wrong side. Fed holds, maybe dovish language. That's the setup.
Trump put Kevin Warsh in to cut rates, not hike them. Zero shot he lets rates climb right before midterms. Political calendar matters more than the dot plot here.
If you're positioned for a hike, you're on the wrong side. Fed holds, maybe dovish language. That's the setup.