Go big or go home? Maybe if bases are loaded in the ninth inning, but if you’re Jerome Powell and the Fed the guiding mantra we’re used to is typically more to the tune of ‘data dependency’ and ‘proceeding with caution’. However, the past twenty-four hours have seen a renewed debate over whether we can expect a 25bp or a super-sized 50bp rate cut at the Fed’s Wednesday meeting. As for what has driven the dovish bout, last night former Fed President Dudley said that he sees a strong case for 50…
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