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The Fed probably won’t be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates. A batch of stronger-than-expected economic data coupled with fresh commentary from policymakers is pointing away from any near-term policy easing. Traders this week again shifted futures pricing, moving away from the likelihood of a reduction in rates in September and now anticipating just one cut by the end of the year. The broader reaction was not pleasant, with stocks suffering their worst day of 2024 on Thursday and the Dow Jones Industrial Average breaking what ... (full story)
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- May 26, 2024 4:13am May 26, 2024 4:13am
- FXWish
- | Commercial Member | Joined Mar 2024 | 54 Comments
Thank you GOD!!!
GT 786110 All Time Pips:
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- May 26, 2024 12:16pm May 26, 2024 12:16pm
- hesron
- Joined Dec 2012 | Status: Member | 1943 Comments
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