Trump retains up with the Powell bashing to start out the brand new day

“Jerome “Too Late” Powell has carried out it once more!!! He’s TOO LATE, and really, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair. He’s costing our Nation TRILLIONS OF DOLLARS, along with one of the crucial incompetent, or corrupt, renovations of a constructing(s) within the historical past of development! Put one other manner,“Too Late” is a TOTAL LOSER, and our Nation is paying the worth!”

The Fed was not as dovish/extra hawkish yesterday with Powell’s communique particularly making it clear that they don’t seem to be teeing up a charge reduce for September. That has seen markets pull again on the pricing with Fed funds futures pointing to simply ~37% odds of a charge reduce on the subsequent assembly. Clearly somebody is not pleased with that.

This text was written by Justin Low at investinglive.com.