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The Rate Cut The Economy Doesn’t Need — But The Markets Do

TedTed
in The Bullpen
FYI: Who are you going to believe, me or your own eyes?” That is a quote at the core of Marxist ideology from the most eminent of its authors, Groucho.

And that is a question that the Federal Open Market Committee must confront when it gathers on Tuesday and Wednesday for its highly anticipated meeting. Expectations run high that the Federal Reserve’s policy-setting panel will signal it is ready to lower its key policy interest rate, if not at this gathering, then at the next one, at the end of July.
Regards,
Ted
https://www.barrons.com/articles/the-rate-cut-the-economy-doesnt-need-but-the-markets-do-51560557553?mod=djem_b_Weekly Feed for Barrons Magazine
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