The View from 5th Avenue

The View from 5th Avenue – 11 September 2024

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Today was another day we pointed to as helping fill in the blanks for what the Fed might do next week. But as always on this 9/11 anniversary, a day that feels both fresh as yesterday and yet so long ago, emotions and focus are mixed. It was an interesting day to be sure, looking early that the gloominess of the day would translate to markets, equities suffering early on despite CPI data that suggested things remain very much on track. Odds of a supersize cut decreased on the number and it’s pe…