I’m still expecting 25bps cut

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MHh
09-18 21:10

I’m still expecting 25bps cut as Powell has been cautious against making big changes even with the first rate hike. I do expect the market to rally if Powell gives the market its expectations but there will be profit takers. For the rest of the year, I don’t think the S&P500 to increase much higher due to the elections that will take place at the end of the year and there is a good chance of economic slowdown that will spark fears of recession again.

# 50 bps! Ready to Embrace Rally or Sell the News?

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