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The market is pricing in just a 6% chance of a cut. Pricing in Fed fund futures shows 25.9%.
Is it too early for someone to make the 'hold' call?
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Bank of America now sees Fed cutting 25 bps in November from 50 bps
Bank of America now sees Fed cutting 25 bps in November from 50 bps
- Bank of America sees the Fed lowering rates by 25 basis points
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- Lots of balls in the air moving markets with the US government getting in the act today.
- Fed vice chair for supervision is worried that Trump will try to remove him - report
- Trump sounds indifferent to a government shutdown
- Keep a close eye on Canadian politics today. Trudeau could step down
- Trump: EU must make large scale purchase of US oil and gas or face tariffs
- Fed's Goolsbee: Nice to get inflation number that is better than expected
- Fed's Daly: The recalibration phase is now over
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