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I thought market was pricing September for a rate cut. Is it December now?
Last Fed meeting if I am remembering right the markets priced in a December one which would make sense given the months of downward pressure the Fed wants to see and Powell's history of not wanting to appear to be playing in politics
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I think the market was pricing September heading into the last meeting but the Fed was a bit more hawkish than expected so probably moved to December. More time to stack sats before they get very pricey.
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