Wall Street prices in five consecutive rate cuts post-Powell as traders eye dovish successor

Wall Street is already trading on the idea that Jay Powell’s days at the Federal Reserve are numbered, and when he’s gone, interest rates are going down hard. Traders are betting on five quarter-point cuts by the end of next year — not four, like they expected a month ago. This change is happening as […] source: https://www.cryptopolitan.com/wall-street-price-in-5-rate-cuts-post-powell/