Powell rose inflation expectations and the Dot Plots pointed at higher Fed Funds Rate in 2025 as originally priced in. The overall market which is highly liquidity addicted now needs to adjust for only 2 rate cuts. This will disappear sooner than they hope
They need to cut to weaken the usd and keep the budget afloat
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Agreed, but that will be tough to do if inflation numbers are still elevated.
Yep
