A 50 basis point rate cut by the Fed at the upcoming FOMC would be sensible given current economic indicators:
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analyzingcrypto (50) 26 days ago
- Unemployment is on the rise, now at 4.3%
- There was an unexpected increase in initial claims to 263,000
- Job openings per available worker are less than one
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analyzingcrypto (50) 26 days ago
- The 2-year rate is 100 basis points below the federal funds rate, making a 50 basis point cut still restrictive