It wasn’t the best way for the Fed to end the year,
Little Jerry Powell left us no holiday cheer!
On one hand he gave us a cut of a quarter percent,
Then the dot chart came out and away all the joy went!
The markets believed we would get 4 more cuts in 2025,
But Jerry said that just wouldn’t do; we won’t give you 3 you will settle for 2!
The markets just hate it when Jerry changes his mind,
Just like when he said transitory inflation was just fine!
When the markets get rattled the rates they go higher,
And employment numbers and GDP may not be what we desire!
If you have a payment that works, then lock in that loan.
Because you can’t trust that rates won’t go higher and cost them their home!
Of course, unemployment may help us, and so might GDP;
But Friday personal spending & PCE, may not be presents under the tree!
With a short trading schedule through the end of the year,
Volatility in the markets could be something to fear!
This isn’t something we all haven’t seen before;
But Jerry took some of our Merry to end 2024!
We have all been through this before. Things have been far worse and it may be a little time before we break out for good. Take a deep breath and enjoy the holidays, we will first survive, and then we will thrive! Merry Christmas!
Mike!
