Quacking In Their Boots: The Fed Heads Are Cutting Rates Only Because They Fear A Wall Street Hissy Fit

I think they are going to cut interest rates for a third time and they will do it like they have done it all throughout this cycle: They will try to make noise that they want to stop cutting rates because they never really wanted to start cutting rates in the first place. We will see whether or not the market agrees with that. One of the problems the Fed has had is that they can’t really explain why they are cutting rates. The reason they are doing it is that the market is demanding it and they are afraid to fight the market. So if the market wants more rate cuts it will get more rate cuts.