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BumRushDaShow

(165,545 posts)
10. I actually have a sub to Bloomberg
Fri Sep 6, 2024, 11:39 AM
Sep 2024

(I blame you guys )

The downside is that they only let you have 5 gift links but I do know they have wire services and some of the aggregators like Yahoo! (that you linked to), msn, and Aol will often put their stories up.

Oddly enough, I think some of the hedging is also because few (among the risk-averse) want to see the stock market get over exuberant over a big cut and then find itself in a whopper of a correction sooner than expected.

I think a cut is 99 44/100% going to happen this month but since it will be the first cut since reaching this apex in just over a year, they might be more conservative with it to see the reaction and then would adjust at the next opportunity.

I kinda chuckle about that period back when everyone was talking about "the pivot" that was supposedly coming, I think it was back around May 2023, after which July 2023 was first month when the rates were finally frozen, and have stayed there ever since).

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