Fox In The Henhouse.
Trump piled the pressure on the Fed over the weekend, barking that he expected a “big cut” from the central bank after their meeting on Wednesday. Market-driven expectations remained above 90% that the Fed Funds Interest Rate would be lowered by a quarter of a point, as the committee prioritizes addressing a cooling labor market even while sticky inflation complicates the picture. Traders were also prepping to take a close look at the quarterly “Dot Plot” update of economic and interest rate forecasts.
Once markets opened on Monday, Alphabet/Google joined juggernauts Nvidia, Microsoft and…
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