Because they are not the fed! They don’t make rate decisions. And they can’t guess what the fed will decide with any reliability. Those who have tried over the past couple years got hosed.
Why do you think people pay so much attention to the fomc meetings and the data they use, and minor off the cuff statements by kashkari or Powell, or any of them, will without exception send the market into a tailspin?
The fed controls the value of money, and that controls the employment rate, which is what influences hiring/firing decisions. It’s simple high school economics.
Why do you think people pay so much attention to the fomc meetings and the data they use, and minor off the cuff statements by kashkari or Powell, or any of them, will without exception send the market into a tailspin?
The fed controls the value of money, and that controls the employment rate, which is what influences hiring/firing decisions. It’s simple high school economics.