32 sats \ 2 replies \ @grayruby 18 Sep \ on: Breaking: Fed Cuts the interest rate by 50 bps econ
Surprised they did 50 basis points. I know that's kind of what the market was expecting but I thought they would ease in with 25.
The next FOMC meeting is in November right after the election, so they didn’t want to wait until then especially if the economic conditions were worsening leading up to November.
And lowering by 50 bps in November would have been seen as political, so that was out of the question for them.
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Cutting rates after the election would be less political
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