FastSaying
The wording underlines that the Fed is obviously worried about a sharper economic slowdown than the market had anticipated, ... I think we're on track for three one-quarter-point cuts from the Fed in the first half of next year.
David Brown
Anticipated
Economic
Fed
Market
Obviously
Sharper
Wording
Worried
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These are horrendous numbers that put the equation in stark relief for the Fed. They have to cut rates by 25 basis points [one-quarter percentage point] in October, and the debate could swing to a 50 basis point cut.
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