the rate cuts have begun 🔥

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Discussion

Rate cuts galore in bound

Why?

The heavily doctored metric that governments love, the CPI, is back “under control”

The question I have: when will we see more QE?

That’s when asset prices will really move

Historically, they’ve never been able to do a cutting cycle without also running QE

Very much a question of “when” not “if “ I agree