MacroEdge 12/18 Mid-Week Report: Powell Spooks Global Markets, RE Recession Continues, Vision Update, Historical View

In this Midweek Report - our team dives into what drove the global spook today across financial markets, dives into the data, & much more.

Powell Spooks Global Markets, Real Estate Recession Continues (@DonMiami3, MacroEdge Chief Economist)

Good Wednesday evening & the week before Christmas all, 

Today we saw an abrupt reaction to the FOMC decision and presser, a rate cut decision that saw at least 4 dissenters on the FOMC committee - highlighting some general disagreements on rate direction here as inflation has remained stubbornly above the mandated 2% target. The market reaction wasn’t a surprise to us here and what both myself and our team have been writing on for the last several months, but the Fed continues to wheel itself towards another potential policy error… notice that 10Y action after the cut?