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Fed likely to cut rates below 3%, making bonds attractive now, Guggenheim says

Por: MarketWatch Politics November 07, 2023

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That backdrop could spark a quick Fed pivot “to rate cuts, ultimately cutting rates by around 150 basis points next year and more in 2025,” said Matt Bush, U.S. economist at Guggenheim, in published Monday. “We have them taking the fed funds rate down a bit below 3% and pausing balance-sheet runoff in what we think will be a recession, albeit a mild one,” Bush said. Fed Chairman Jerome Powell last week signaled that the sharp rise in... + full article



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