Hmmmm, fed raises rates.
Trump blasts the feds.
The MSM blasts Trump.
Stocks tumble.
Fed admits defeat and lowers rates - to help stocks.
And....if it works...whatcha gonna say, MSM idiots?
You all are journalists for a reason...math, even at an elementary level, is NOT your friend.
A few here on FR also blasted Trump.
You missed the step where Trump took advantage of the Fed position in order to take China to the woodshed by finally giving himself a moniker: “Tariff Man”. Dow dropped in response to the spat, and in response to the Dow dropping, the Fed has to back off rate hikes.
The Fed rate-hike schedule actually made a lot of sense from a purely defensive standpoint. Reducing interest rates is the only really effective weapon they have to deal with a recession, and these rates can’t be reduced very much if they’re still at historic lows. The uncertainty about future rate hikes is probably a good thing, though. The market should not function with that kind of anticipation.