Shocks and bewilderment - The Federal Reserve cut interest rates by 50 basis points in a half and triggered a rally in the stock market. The dollar immediately collapsed, while oil and gold took off.
This is a triple rarity: changing rates by double, making a forced emergency movement, and no instructions.
According to Joseph Trevisani, it is preferable for the Fed to be "safer than sorry. President Donald Trump has had to put pressure on the Fed, and he is undoubtedly pleased with it - but he may have a nasty surprise.
