Loading ...Suddenly pundits are saying the low oil price (after seven or eight trading days!) is deflationary and Powell needs to cut NOW, the dopey sod, can’t he see? Trump wants lower rates too, but not for deflationary reasons, hence his excoriation of Powell.
The Aussie collapsed in a similar fashion at the same time, but has already recovered its losses; I think the last two days in oil is just it catching up and in a couple more weeks the dump/pump will just be noise on the charts.