đš FED RATE HIKE NOW LIKELY!?
Markets are pricing an 85%+ chance of a 25 bps interest rate hike this week. This would be the Fedâs first rate hike in roughly three years.
25 basis point hike = basically priced in
But hereâs the counter-narrative:
Trump picked Kevin Warsh on purpose.
Wouldn't you think that 'not hiking rates before midterms' would HAVE TO BE a prerequisite for Trump to nominate him in the first place?
If that is the case, are we really supposed to believe his hand-picked Fed Chair oversees a rate hike right before the midterms?
Maybe the "obvious" trade isnât so obviousâŠ
Markets are pricing an 85%+ chance of a 25 bps interest rate hike this week. This would be the Fedâs first rate hike in roughly three years.
25 basis point hike = basically priced in
But hereâs the counter-narrative:
Trump picked Kevin Warsh on purpose.
Wouldn't you think that 'not hiking rates before midterms' would HAVE TO BE a prerequisite for Trump to nominate him in the first place?
If that is the case, are we really supposed to believe his hand-picked Fed Chair oversees a rate hike right before the midterms?
Maybe the "obvious" trade isnât so obviousâŠ
