#MrMarket: No rate cuts called for with $10 Trillion Treasuries to sell. Veronique De Rugy, Mercatus Center
The John Batchelor Show
John Batchelor
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🗓️ 9 February 2024
⏱️ 9 minutes
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#MrMarket: No rate cuts called for with $10 Trillion Treasuries to sell. Veronique De Rugy, Mercatus Center
https://www.wsj.com/finance/investing/investors-fed-interest-rates-a842073c?st=vbmm47yycgcr51l&reflink=article_copyURL_share
1905
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| 0:00.0 | We all have a fire inside us. It gives us energy and spirit to do the things we love. |
| 0:06.0 | Every morning we get to feed that fire and set ourselves up for the day with a warming |
| 0:10.8 | and satisfying bowl of Quaker oats. |
| 0:13.0 | Because when we feed it right, when it's fully ablaze, |
| 0:18.0 | we can take on anything the day might bring. |
| 0:20.0 | Feed more than just your body. |
| 0:24.6 | Feed the fire inside. |
| 0:27.6 | Quaker oats. This is a CBSI on the world. I'm John Bachelor. Wall Street, waiting for the Fed. |
| 0:41.0 | Drum-Pow, the chairman of the Fed, recently on television. Fed. rates have succeeded those the argument and therefore five and a half percent is |
| 0:55.2 | unnecessary it slowed down the real estate market it's damaged the ability of |
| 0:59.5 | Americans to shop with leisure because the price of food so therefore cuts and the |
| 1:04.9 | Federal Reserve has said all right three cuts are called for we've topped out |
| 1:10.0 | in raising rates three cuts are called for in 2024. That isn't enough for Wall Street. They |
| 1:15.1 | want to know when. So at the end of the year it was March and now that we're in February, |
| 1:21.7 | it's May. |
| 1:23.0 | And how many cuts? |
| 1:25.0 | Initially it was three, said the Fed. |
| 1:27.0 | No, said Wall Street. |
| 1:29.0 | Five, no six, maybe more. |
| 1:31.0 | It became a guessing game and a competition on Wall Street. |
| 1:36.0 | I welcome Verenique to Regie to comment on these guesses about the Federal Reserve with the caveat that the Wall Street Journal has a wonderful headline in these last hours from an article by Eric Wallerstein. |
| 1:50.0 | Investors are almost always wrong about the Fed. |
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