Is the US Treasury Secretary's outcry at this moment an act of defiance against humanity?
I predicted that the probability of no rate cut was low, a 25% rate cut was high, and a 50% rate cut was very low! I hadn't considered a rate hike!
If a rate hike were to happen, I think we'd all know the market would plummet, giving us a chance to get on board.
I still think he's just throwing a smokescreen, signaling to the market that a rate hike might be coming, creating unexpected market momentum for a 25 basis point cut, and thus driving up US stocks!
Calling out now doesn't make much sense. I believe no one believes a rate hike will happen!