Fed Rate Cut Drama: Economists in a Tizzy, Crypto on Edge 😱💸

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So, the Federal Reserve is probably gonna cut rates again. Big whoop. 🥱 Meanwhile, the markets are watching like it’s the season finale of a show nobody likes. Loans, savings, crypto-everything’s on the line. Or so they say. 🤷♂️

Economists: “Two More Cuts! Maybe! Probably! Who Knows?!”

According to some Reuters poll, the Fed’s gonna cut rates twice before the year’s over. Because why not? 🎲 First cut next week, another in December. Groundbreaking stuff. 115 out of 117 economists agree-like that’s supposed to mean something. The other two? Probably just wanted to stand out. “Oh, I’ll say 50 bps in December!” Sure, buddy. 😏

Last month, they were all like, “One cut, max!” Now it’s two. Make up your minds, folks. The Fed’s hinting at more liquidity, which is just a fancy way of saying they’re throwing money at the problem. Classic. 💰💦

Last meeting? 25 bps cut. Yawn. Jerome Powell’s still obsessed with the job market. Meanwhile, the government shutdown’s got everyone blindfolded. No data, no problem? 🤪

Fed Officials: The Real “Odd Couple”

Some Fed folks think rates are too high, others think cutting more will inflame inflation. Can’t we all just get along? 🙄 Christopher Waller’s like, “Yeah, let’s cut 0.25% in October,” while Stephen Miran’s out here channeling his inner Trump, screaming for bigger cuts. And speaking of Trump, he’s still yelling at Powell. Shocking. 🤦♂️

Fed Rate Cut: 98.9% Sure. Or Is It?

The Fed’s meeting on October 28-29, and nobody knows what’s gonna happen. The CME FedWatch tool says 98.9% chance of a cut. Sounds like my chances of finishing this article without sarcasm. 😂

Key Events This Week:

1. ~10% of S&P 500 companies report earnings (who cares?)

2. US Crude Oil Inventory data – Wednesday (oil’s still a thing?)

3. September Existing Home Sales data – Thursday (snore)

4. September CPI Inflation data – Friday (finally, something useful)

5. October Services PMI data – Friday (yawn)

6. October MI Consumer Sentiment… (who’s still sentient by then?)

– The Kobeissi Letter (@KobeissiLetter) October 19, 2025

CPI data’s late, as usual. October 24, just in time to confuse everyone before the Fed meeting. If inflation’s low, crypto’s happy. If it’s high, crypto’s sad. It’s like a soap opera, but with fewer good-looking people. 🎭📉

So there you have it. Another day, another Fed rate cut drama. Will it matter? Probably not. But hey, at least we got something to talk about. 🍿🤡

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2025-10-21 17:45