The numbers

Something doesn't add up here:

This week, the Fed started rate cuts with a 50 basis point cut for the first time since 2008.

Even 1 week prior to the decision, market odds overwhelmingly supported at 25 basis point cut

Was the Fed pressured into a larger rate cut?

(a thread)

— The Kobeissi Letter (@KobeissiLetter) September 21, 2024