Stocks Fall When Fed Cuts Rates
Trump insisted that the Federal Reserve Bank needs to cut interest rates because Trump thinks US economy is not doing well. The Fed demurred for the longest time because no data supports Trump’s point of view. Consequently, when Fed finally gave in to the awful businessman, the market saw it as a sign that the economy is not doing well and started a huge sell off.
This is a clear case of the blind leading the the acutely sighted. (Or blind ambition overpowering clear vision.) Trump may get the failing economy he has been projecting after all.