We’re watching Trump tweets very closely and Powell is set to speak in 15 minutes. The prior tweet from Trump led to a bounce in risk assets.
Here is the latest from the President:
This would be a PERFECT time for Fed Chairman Jerome Powell to cut
Interest Rates. He is always “late,” but he could now change his image,
and quickly. Energy prices are down, Interest Rates are down, Inflation
is down, even Eggs are down 69%, and Jobs are UP, all within two months –
A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING
POLITICS!
Powell isn’t going to cut today, that’s for sure.
This article was written by Adam Button at www.forexlive.com.
