Interest Rates: Rates and Tuesday Australia

interest rates: Louis Federal Reserve President James Bullard, who said Monday that U.S. interest rates may be too high given trade tensions something financial markets have been screaming about, according to Market Watch. Note, on Tuesday Australia became the first developed central bank to cut rates in 2019, citing, yep, global trade jitters. We can maybe thank St. Onto our call of the day from billionaire investor Stanley Druckenmiller, who is also pretty convinced the Fed is going to cut rates, maybe even to zero. When the Trump tweet went out, I went from 93% invested to net flat and bought a bunch of Treasurys, Druckenmiller told Scott Bessent, founder and chief investment officer of Key Square Capital Management at the Economic Club of New York. The famed manager says he has been buying Treasury bonds, and seems to be preaching caution to equity investors amid trade-war threats. (news.financializer.com). As reported in the news.