Today markets are dumping Because of Kevinswarsh speech , everyone tagging #WarshFirstFOMCRatesHold 😂
At the Time of Kevin Warsh Appoint , I already knew he is not doing rate cuts immediately because he is Pro Dollar man rate cut decrease the value of Dollar
In Meeting He said that FED will Maintains Its 2% Inflation Target means Ratecuts at current environment make no sense when inflation was around 4%
( Rate cut increases inflation )
So this is very hawkish news as for maintaining 2% they need to increase rate so liquidity shrink result market dumps
I attach the below post which i posted in December that i Don't think. so that Kevin warsh is going to rate cuts