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But I want to say one thing to Jerome Powell’s credit — which is not something I’ve historically been too concerned about:
Right now, the economic feelings overall seem to be shifting from apprehension to excitement.
Whether that’s a result of changing circumstances, new political realities, or what — it’s hard to say.
But if Powell and the Fed do achieve a soft landing with the hand they were dealt, they deserve some credit — maybe not a lot, but some.
It’s always tough to say how much control the Central Bank has.
Their soft power is enormous, and their policy options seem massive, but it would be very hard to sort out what impact they actually had, vs. what circumstances would have occurred, anyway.
But we’ll know more come the 18th…
For my part, I expect a small rate cut and I expect the markets to continue moving positively for now.
Hope you have a wonderful weekend!
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
P.S.: I had a ton of fun helping Geof Smith put together a presentation on his brand new income trade, targeting incredible weekly payouts on one of the most stable assets in the world. Check out his new research here
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