Fed rate cuts could reach about 100 basis points this year
Hussainy, an interest rate strategist at Columbia Threadneedle Investments, said, ‘The market is betting that recessionary risks along with tighter financial conditions will force the Fed to cut rates sharply this year, potentially to the tune of about 100 basis points.’ As for Powell's speech later today, Hussainy believes, ‘If Powell and his team release any counter signals to this, short-end rates could go off the rails.’
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