Federal Reserve Cuts 25 Bps, Ends QT, And Stocks Fell

Powell has cut 25 basis points and will end QT on December 1st. But be careful: this isn't a stimulus, it's a preventative measure to prevent overnight rates from breaching the "technical corridor" in an already fragile environment (moderate growth, slowing employment with rising downsidePortfolio manager, fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro ...