rate reduction cycle

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Fed's Powell did not suggest rate reduction cycle is starting, says One Point BFG’s Boockvar
CNBC Television· 2025-08-22 22:08
Did the market overreact to the Fed news today. The market's been trained, the stock market's been trained to rally whenever the Fed tells you they're going to cut interest rates. It's just that coming in, didn't we.Oh, I I agree. We're we're sort of rallying again on the possibility of rate cuts. We've been pricing into rate cuts for months now.So, but Jay Powell basically Goldman Sachs is at like I think three rate cuts. I don't understand why the market reacted this way when everybody and maybe everybody ...