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But we saved everything 🙂.
Andrew Ackerman criticizes the U.S. president’s recent actions in currency and bond markets, describing these efforts as having an air of desperation.
Ackerman argues that such interventions are not improving the situation but instead are shifting market sentiment in a more unfavorable direction.
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In recent commentary, Ackerman noted that U.S. average gas prices have dropped about 50 cents from their peak earlier this year, but remain nearly $1 higher than a year ago (link). He has also pointed to upcoming CPI data as a potential factor for the September FOMC meeting (link). These earlier observations provide context for his latest remarks on market interventions.