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  • 📰 🔸 CME FEDWATCH SHOWS 63% PROBABILITY BET ON 50BPS CUT, 37% FOR 25BPS AT SEPT 18 FED MEETING https://t.co/7WGMrBn7D6
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📰 🔸 CME FEDWATCH SHOWS 63% PROBABILITY BET ON 50BPS CUT, 37% FOR 25BPS AT SEPT 18 FED MEETING https://t.co/7WGMrBn7D6

September 16, 2024
Frank

🔸 CME FEDWATCH SHOWS 63% PROBABILITY BET ON 50BPS CUT, 37% FOR 25BPS AT SEPT 18 FED MEETING
https://t.co/7WGMrBn7D6

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📰 🔸 TRADERS SEE 50BP SEPTEMBER FED RATE CUT LIKELIER THAN 25BP
📰 🔸INTEREST RATES ARE TOO HIGH. THE FED SHOULD CUT BY A HALF POINT – WSJ’S IP Greg Ip, the Chief Economics Commentator at The Wall Street Journal says the Fed should cut by 50bps.”The Fed doesn’t get to wait for perfect knowledge before acting. It always risks doing too much, or too little. The question is, which is worse? Cutting rates half a point isn’t riskless. Long-term Treasury bond yields are already lower than short-term rates a relationship called an inverted yield curve and could fall even further, pulling down mortgage rates. Stocks could turn frothy. That would stimulate spending.”

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