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The Fed Will Cut Another 100 Basis Points
Summary by Consenso Del Mercado
1 Articles
1 Articles
Market Consensus Paolo Zanghieri (Generali Investments) In Jackson Hole, President Powell pointed to a shift towards a more moderate stance in response to disappointing employment data. Now it seems very likely to cut rates in September, followed by another one in December and two more in the first quarter of 2026. Markets are discounting deeper monetary relaxation — more than three cuts. However, we believe that current growth and employment c…
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