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
The joke of it all is that Powell is a liar- (Lawyer not an economist- more like a communist) and relies on data from the BLS! He has never been to a grocery store and seen shrinkflation from his policies! Since all banks are insolvent with worthless assets, the printing press is running out of ink as the BRICS (Gold backed currency is moving in for the kill.
The joke of it all is that Powell is a liar- (Lawyer not an economist- more like a communist) and relies on data from the BLS! He has never been to a grocery store and seen shrinkflation from his policies! Since all banks are insolvent with worthless assets, the printing press is running out of ink as the BRICS (Gold backed currency is moving in for the kill.