Anxiously Awaiting the FED

Only 10 minutes until the announcement of a 1/4% Fed funds rate cut (at least I am pretty sure).

Everyone knows this will happen–no cut would send stocks tumbling, while a 1/2% cut would send stocks to the moon. Fed Chair Powell already is going to have to do a mea culpa for raising rates in December, so the last thing he wants to do is send stocks sharply higher or lower.

The the press conference–the global economy will be blamed for the “change of heart” by Powell–there is no other reason.

We wait.

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