I’m doing a little poll to find out what you think the Fed will do at their next meeting. They meet at the end of the month. What will they do to the target Fed Funds Rate? Will they vote to raise the rate, drop it by 1/4 point, drop it by 1/2 point or maintain the current rate? Click here to take the poll.
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With the downplay of inflation by Big Ben and even the markets, it is clear to me that it will be a 50bp cut, even if it will fuel inflation. If the Fed doesn’t cut at least 50bp (some even expect a 75bp cut now), market turmoil will be unending.