WallStForMainSt: Trump Pissed That Fed Only Cuts Rates 25 Basis Points, EU vs US Currency War Has Restarted?
Jason talks about today's Fed meeting decision to cut rates a quarter point or 25 basis points and how President Trump is already pissed.
Trump's 2 Tweets about today's Fed rate cut: https://twitter.com/realDonaldTrump/status/1156666163310530560
Earlier this week President Trump threatened the Fed again if he did not get his 50 basis point (2 quarter point rate cuts) today: Trump hits the Fed again, says ‘small rate cut’ this week is not enough https://www.cnbc.com/2019/07/29/trump-hits-the-fed-again-ahead-of-rate-decision-this-week.html
QT is also ending a month earlier than expected. It ended in August instead of September. The Fed PR about it ending 2 months earlier is incorrect.
Articles about the Fed's 25 basis point or quarter point Fed Funds rate cut today:
1) Fed Lowers Interest Rates by Quarter Point, First Cut Since ‘08 https://www.investing.com/news/economic-indicators/fed-lowers-interest-rates-by-quarter-point-first-cut-since-08-1940981
2) Powell Pivot Complete - Fed Cuts Rates For First Time In 11 Years, Faces Two Dissents https://www.zerohedge.com/news/2019-07-31/powell-pivot-complete-fed-cuts-rates-first-time-12-years
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