THE FED WILL LOWER RATES IMMINENTLY IF THIS CONTINUES
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THE FED WILL LOWER RATES IMMINENTLY IF THIS CONTINUES

If markets continue to plunge and more importantly, if yields continue to plunge, expect the fed to act imminently. There is no way they will wait 6 weeks (the next fed meeting Sept 25-26) to lower rates if this continues. As of this writing, our 10 year yield is now down to 1.64%. Fed funds…

MARKETS
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MARKETS

—–Futures are down another 500 Dow points tonight as the U.S. declared China a currency manipulator, intensifying and escalating the “trade war!”—– —–If the market opens down 500, that will be almost 2,000 Dow points since the president changed his stance on tariffs. We doubt he expected this.—– —–Lael Brainard, a fedhead who happens to…