Is this what some people mean by manifesting? A cut is coming tomorrow, you can count on that. There was much consternation a cut didn’t come in July, (if investors were the crowd at a football game, Powell was the starting QB and he was getting booed LOUDLY) although tempers did cool some since. 25bps has been largely priced in for some time so what to make of 50bps now the odds-on favorite, seemingly without much to support that move? Some are clamoring for it, but it could be fool’s gold if…
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