The Federal Reserve is internally in chaos! The latest news suggests that Powell is struggling to contain the hawkish stance, and the interest rate cut plan may be falling apart. The market originally thought things would stabilize by the end of the year, but now it has turned into a tug-of-war over "who fears inflation more." Even more outrageous is that they don't have complete data, as the government shutdown has left key economic indicators blank. The Federal Reserve is essentially "meeting in the dark" right now.
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The Federal Reserve is internally in chaos! The latest news suggests that Powell is struggling to contain the hawkish stance, and the interest rate cut plan may be falling apart. The market originally thought things would stabilize by the end of the year, but now it has turned into a tug-of-war over "who fears inflation more." Even more outrageous is that they don't have complete data, as the government shutdown has left key economic indicators blank. The Federal Reserve is essentially "meeting in the dark" right now.