Steve Eisman of "The Big Short" fame said if the spreading banking crisis stops the Federal Reserve from raising interest rates next week, investors should be fazed by that. "Fifty basis points is off the table. So either they're going to do 25 basis points or they're going to do nothing," Eisman said on CNBC's " Fast Money " Wednesday evening.
Eisman, senior portfolio manager at Neuberger Berman, said the central bank is caught in a difficult position because if it does raise rates next week, it risks adding more pressure to the already tight financial conditions. "On the other hand, if the Fed raises rates, even in the face of this... that's like, wait a minute, you've sort of caught between a rock and a hard place," the investor said. "Financial conditions are really tightened, but you still have inflation.
If the fed cut early from their projection or aggressivly, it really means something worse had happened for them.
THE ELEPHANT IN THE ROOM IS THIS CRISIS IS: DOES CHINA BENEFIT AT AMERICA'S EXPENSE?
Well actually he also said 'this is NOT 2008'.
There are some people they are shorting market and wanted fed go for .50bps
King do it
P
TheMaverickWS It is not what is right .it is always what they want to do logic isn't a thing here .same as gender ideology
TheMaverickWS The fed is going to eventually give up on the 2% inflation target I think, and that’s bad for everyone but the rich.
endless fud and it’s a buy buy buy
he looks nothing like in the movie..
TheMaverickWS
mtgawd AlbertSTartagl1 This is 1000% true. If the Fed is willing to halt rate hikes when inflation is 6%, then you better believe they've seen the Armageddon and you should be running for the hills. Hell I might even dump my $SPY and go buy 2Y paper yielding 3.8%, down from…
WE the taxpayers paid for travel which the TheDemocrats booked to a hearing today, and chose not to show up too. The hearing was about our open boarders and fentanyl. They didn’t show because they don’t care, nor do they want to be faced with the truth. Voting has consequences!
Planning 101 SocialSecurity 💵 Roth 😎 Backdoor🤫 401k 💪🏻 Options 📈 RMDs 😫 WeAimHigher.
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