Every: BRICS Summit Hints at Commodity Cartel Aspirations

Tariffic analysis

Tariffic analysis

Market Comments

By Michael Every Global Strategist

[Does the Fed know what they are doing?]

When the Fed cut rates by ‘only-in-an-emergency’ 50bps on September 18 as it Orwell-style said the US economy was “good”, I wonder if their army of market economists had warned them that just over a month later, the 2- and 10-year US Treasury yield would both be trading around 50bps higher at 4.02% and 4.18% - and with market chatter that we could test 5% in the latter ahead?