'Embarrassing' If Fed Doesn't Cut Rates in November, Says Academy's Tchir

Peter Tchir, Academy Securities Head of Macro Strategy says that it would be "embarrassing" for the Federal Reserve to not cut rates in November. He further added the Fed is likely to cut by 25 basis points since there is likely to be a bout of inflation coming into the fourth quarter. He spoke with Dani Burger on "Bloomberg Brief."
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[lakeguy]

There is absolutely no reason to cut interest rates. In fact, yields on the long end of the curve are rising, indicating that the bond market thinks inflation is not vanquished.

[Fgji]

Gotta uninvert the yield curve anyway.

[bbustin]

Is the guy ALSO a Mensa member too ? They seem to pass out those memberships rather liberally at the FED too. What a bunch of geniuses, cut rates when the economy is on fire 🔥. I guess it all depends what the definition of “
Fire” is. 😂.

[patriotsouthern]

What’s embarrassing about not further devaluing the currency