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The Fed's Close Call

September 16th, 2024

  • We are hopeful that the Fed will deliver a 50bps rate cut, if not the market will likely be disappointed

  • A new Fed 'dot plot' should forecast a steady drop in policy rates over the coming 15 months

  • The Bank of Japan to signal further rate rises, but no move likely at this meeting

  • The UK MPC doesn't have a consensus for a rate cut but should find scope by the end of the year

  • In China, it doesn't get any better with the authorities way behind in offering suitable support




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