📰 🔸THE FED SHOULD GO BIG NOW AND I THINK IT WILL: BILL DUDLEY “A 50-basis-point cut would also fit well with the Fed officials next set of economic projections, which they will publish this week. Markets are expecting a total reduction of at least 100 basis points by the end of 2024. If the Fed does only 25 now and projects another 50 at its next two meetings this year, it will send a hawkish signal. If it does 25 and projects more than 50, people will wonder why it isn’t cutting more immediately. The larger cut thus helps the Fed get out of this predicament.”