Fed Day: 25 vs. 50 bps.. Bullsh*t Aside
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Housekeeping: Good Morning.
Today:
* Premium Analysis: Fed to Announce Cut at 2p.m.
* **Bonus: Goldman’s New Gold Model**
* News: Israel Detonates Hezbollah Pagers
Premium Analysis: Fed to Announce Cut at 2p.m.
* The discussion is over whether the Fed will cut 25 bps or 50 bps.
* The rhetoric behind Democrat senators like Warren asking for 75 bps, aside from the fact it is borderline election tampering, is simply a ploy to move the Overton window and hopefully influence the Fed to cut 50bps while energizing…
The skinny
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