So, now not only Trump is blaming the Fed, but it seems most investors are now busy criticizing Powell and the Fed. As Powell mentioned that the process is progressing smoothly, on “autopilot”, investors decided to dump stocks.
Analyzing Fed’s words from last evening we leave to pundits, but there are two charts that explain the entire “dilemma” well. Sometimes complex issues are easiest explained with simple images.
Presented without further comments, and once again, great images from the Macro guys at Nordea.