Admit it, there was a small part of you that wanted no cut today just to see the figurative mushroom cloud that would’ve emanated from Truth Social… That wasn’t to be however as the Fed did as expected, cutting rates 25bps and intimating a similar sized cut could come both next month and in December. There was only one dissenter, new joiner Stephen Miran, who called for 50bps. And the dot plot suggests one member wanted 150bps worth of cuts in total by year-end. We can guess who that was; angl…
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