Fed rate expectations

Government's have the capacity to avoid the "hard road". It's commitment that they're lacking as parties on all sides have spent decades promoting themselves fallaciously as the "Party of fiscal responsibility or restraint". As a result the electorate as a whole expects and demands government fiscal restraint because on the whole voters don't know any better when in fact it's actually the problem.

 

Stubborn, and maybe late:

 

Some are saying that he should've cut this week, arguing that when he does cut it's going to be later than when he should've started.

 

Fairly dull viewing, I guess the most interesting thing is the huge change in sentiment from a month ago and talk in some sectors of the media that rate cuts are now some time off. I haven't heard an update from the camp that were predicting 3 or 4 cuts this year lately.

 

No cut this month by the looks of it: