Rogue Trader Bets $80 Million Fed Will Start Slashing Rates By Year End ...Middle East

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Rogue Trader Bets $80 Million Fed Will Start Slashing Rates By Year End
Earlier this week, we quoted Bloomberg trader and market commentator Vince Cignarella who said that "In More Than 40 Years Of Trading, Never Have I Witnessed A Market Fighting The Fed As Boldly As This One," and judging by Powell's remarkable verbal pivot yesterday, there was good reason for that: the market was spot on, and Powell appears to have conceded that inflation will run much hotter, as he refuses to push back against risk prices anymore. As Bloomberg reports, a trader has put on a massive bet that the Fed will soon cave on the promise…

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