What this means:
Powell should cut 50bps
Trump wasnt crazy this mornig when he said Powell should cut 75bps.
Zero jobs for biden in his last 15 months or so
Powell is LATE cutting after swearing by BLS data
Aug 25th: Our coverage and confirmation of the Goldman and BNY and ZH opinions
Why Powell May Cut 50bps in September
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Housekeeping: The Morning Rundown video will return after the holiday.
Sep 4th: Standard Charter’s rationale for a 50bp cut
**Bank: How BLS Jobs data is cooked.
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We think markets and policy makers are misreading published labor data; 50bps should already be under discussion.
Sep 3: SC’s Full analysis of why it should happen (Founders)
Founders: Why a 50bp cut should already be under discussion.
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We think markets and policy makers are misreading published labour data; 50bps should already be under discussion.
