Emergency Fed Cut Unlikely, Says UBP's Kinsella
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- Опубликовано: 9 сен 2024
- An emergency rate cut from the Federal Reserve before the next FOMC meeting is unlikely, says UBP's Global Head of FX Strategy Peter Kinsella. He says it would send panic signals through the markets and that the Fed just signaling they will start aggressively cutting rates should be enough. He speaks on "Bloomberg Brief."
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Bloomberg getting the Irish accents on here to calm the market.
Where is Helicopter Ben?
Stay Calm, no one is on wall street. Don't sell here!
Do the opposite of what Bloomberg recommends if you want to save your money.
2.4% of global gdp vanished in 24 hours…
gdp has not changed... Stock market value has.
@@Trihawk7 the global economic gdp is only 89 trillion and 1.9 trillion of that value just dropped or did I read something wrong?
@@koast2koastk2koast40 gdp is measure of productivity. Stock market is the value of that productivity. Two very different concepts. Companies in the past week simply did not suddenly become 2.4% less productive.
@@koast2koastk2koast40 gdp and stock value aren’t correlated
Rate cuts won’t have any material effect. 50 in September won’t be felt until September 2025. The slow down or recession is baked in the cake. Just go look at past cycles. The unemployment rate rocketed even as the fed cut 5%.
Interesante lo que dice segundo lo pasado, ya es tarde para bajar las tasas?