Powell Pivot Complete - Fed Cuts Rates For First Time In 11 Years, Faces Two Dissents
• https://www.zerohedge.com, By Tyler DurdenJust over eight months since Fed Chair Powell panicked and pivoted as global stocks (and bond yields) tumbled, the flip-flop is complete as The Fed has cut rates (by 25bps) for the first time since Dec 2008 (and cut the IOER to 2.1% from 2.35%).