Alright, Greenie gave us a little X-mas present. Now, he mentioned in a speech about a week and a half ago, that things may slow too much - basically this gave us a neutral bias, and we rallied over 200 points, and right back down.
Now, he gave us an easing bias, and the markets are going nowhere.
What has changed??
There is no rate cut.
And, there is no guarantee of one coming in January.
So, what has changed?
Does an easing bias mean, it's guaranteed he's going to ease?
And, if it does, when?
We needed a cut now. |
