Loading ...That’s good I’ve been busy so haven’t been watching my stocks.
Much pressure on Powell to lower rates this month and I don’t think he wants to and as far as the economy he’s right. Now I hear a congressional meeting on Powell. Where was the frigging congressional meetings when he was buying mortgage backed securities and keeping interest rates down perpetually and wall street buying up one in 4 houses trying for more like they were stocks with it.
Before I go into a rant preaching to the choir and with all the pressure on Powell it’s not clear but maybe shorts are reading for a temp sell on metals with the Fed decision or some other reason going on and going to war with them. Because it’s getting closer to September where a higher number of people will think he will cut rates it might not make as much as a temporary impact this time but could only guess. And even if he does, by how much?