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Turmoil Accelerates As Asia Opens, Traders Scream For More Fed Rate-Cuts

Courtesy of ZeroHedge. View original post here.

Dow futures are down over 650 points from the cash close, UST 10Y yields are down 5bps to a stunning 1.67%, and Yuan has plunged to a fresh record 7.1350… investors are suddenly demanding more rate-cuts…

Asian markets are a bloodbath. Korea's KOSPI is back at the same levels it was at in July 2007…

Japan's Nikkei has erased all of 2019's gains…

*IRON ORE FUTURES EXTEND COLLAPSE, SLUMP 3.3% TO $92.60/TON

Traders are now demanding 2.8 more rate-cuts in 2019… showing that Powell's move last week was totally useless…

This is chaos! Will Powell go full-Bernanke and announce an emergency rate-cut?


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