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Fed cuts 25, gives forward guidance of only two cuts in 2025. Translation: They're expecting higher inflation for longer, which means higher rates for longer. Far more than markets have been pricing in.Markets have PLUMMETED in response.
Fed cuts 25, gives forward guidance of only two cuts in 2025. Translation: They're expecting higher inflation for longer, which means higher rates for longer. Far more than markets have been pricing in.
Markets have PLUMMETED in response.
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