Its .50bps come Sept. 17/18 or else disaster looms for the markets if the Fed fails to cut rates by this much next week.
The Fed will accomodate the markets with a .50 basis points cut in the next Fed/Sept. meeting to honor the long touted proposed pivot.
This will nonetheless be bearish for the dollar reducing the inflation fighting power the dollar has posed and provided all along.
Numerous factors are lining up along with a falling dollar that are going to drive inflation upwards and into a spiral that will feed off itself as it picks up much renewed momentum, forming a tsunami of inflation and an economic crisis the pivot only temporarily postponed and put off a little further.
Nevertheless, the Fed is going to kick the can down the road again next week to float the markets and keep on doing so until the clog of inflation in the pipeline floods the economy with unprecedented consumer price increases.
Will consumers get a clue then and finally come to realize the Fed is out of bullets and credibility.
Central banks around the world already know it and are stockpiling/accumulating gold in anticipation of a significant coming dollar decline - and to back up their own currencies purchasing gold (not bitcoin) as the world de-dollarizes.
We are inching closer to that day of reckoning for the Fed where the masses lose faith in the rigged system and pile into the safe haven of safe havens (GOLD) for protection, and preservation against a soon coming rampant dollar slide into mass depreciation and the steady erosion of purchasing power that epic levels of inflation are going to bring.