The market sees a 25-bp cut this week as a near slam dunk. But with policy rates now 75 bps below where they were when the labor market looked wobblier in September, there's less conviction around cutting. “Right now, either a cut or a hold could be justified.” www.wsj.com/economy/cent...

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The Fed is set to cut 25bps this week but the outlook after that point is far murkier. Officials are expected to scale back their estimates for the funds rate for 2025, but the range of views will be large given uncertainty about the inflation outlook. www.ft.com/content/7b2f...

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buy the ticket ride the ride buddy

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