Thoughts On The Fed Interest Rate Cut
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Thoughts On The Fed Interest Rate Cut
The highly anticipated rate cut came today at 50 bps
The Fed cut interest rates today by 50 bps by a vote of 11 to 1. It was the first interest rate cut since March 2020.
It’s actually the first surprise Fed decision since 2009.
105 of 114 economists were wrong, as they were expecting a 25 bps cut.
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