POPA ReconFor several months, no one was talking about a rate hike — the discussion was entirely about when the Fed would cut. Then, just a couple of…
For several months, no one was talking about a rate hike — the discussion was entirely about when the Fed would cut. Then, just a couple of days before the meeting, sudden commentary appeared suggesting the Fed might actually raise rates after all. Citadel Securities published a note saying they expected a surprise hike. The WSJ called the decision one of the most unpredictable in history, even though just a week earlier almost no one was seriously considering a rate increase. The market sold off sharply on the back of these comments, pushing Leopold toward liquidation. Then the Fed held rat…
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