Powell pushed the large 50 basis point cut over the line with the help of the market. This has given investors the green light to scream for more easing as early as November. Wall Street is reading between the lines: if the Fed's willing to cut 50 now, why not again in November?
Volatility surrounding major macro events and rate decisions will persist going into year end. US policy makers have given other central banks the green light to continue easing policy.
The PboC was quick to take the opportunity but not every central bank is willing to follow suit. The hawkishness of the BoE is pushing the pound to new cycle highs as Europe continues to struggle with the weak incoming data.
Join analysts George Vessey and Boris Kovacevic as they break down the latest market news.
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