Talking points for [Squawk Box: Business, Politics, Investors and Traders: 7:45 AM EDT 2019-08-24

I really do not understand this: if it were to be optimal policy to cut by 50 bp in a month, it is certainly optimal policy to cut by 25 bp now and probably optimal policy to cut by 50 bp now: Tim Duy: Another Portion of Yield Heading Toward Inversion: "Neither of the today’s developments–'easing' trade tensions or higher inflation–should prevent the Fed from easing at next month’s meeting. I suspect though that they make it hard for the Fed to justify a 50bp cut in September. If the economy needs a more aggressive Fed response up front to prevent recession, then a lower chance of that outcome... should induce the longer end of the yield curve to flatten further and then invert...


#noted

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