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Breitbart Business Digest: Fed's Bowman Sees No Cuts This Year, Warns of Possible Rate Hike

Posted on AllSides June 25th, 2024
From The Right

The biggest underpriced risk in the market is still a hike from the Federal Reserve. The federal funds futures market implies a near certainty that the Fed will cut interest rates by the end of the year, pricing in a 94 percent chance of at least one cut and a 65 percent chance of two cuts by the December meeting. There’s still a 66 percent chance implied of a September rate cut, despite the political explosion a cut on the eve of the election would ignite. On Tuesday, Fed Governor...

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