This thread is intended as a place to share your personal interpretations on the FOMC rate cut, and why you think the market reacts to it in a certain way.
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QuoteDislikedxxfunguyxxactually I think that people do believe that US is going in to a recession. If you think about it, carry trade gets messed up only when US economy is messed up. DOW sucked today because people were worred FEd will not cut enough rates. The feeling was a 0.5 rate cut would save the economy from recession...but a .25 one may not. Hence it means US economy is going in to mild recession which means carry trade ends now.,