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Steven  VanHeyningen's avatar

I have got to believe that Chairman Powell will have Friday's NFP report in hand for Wednesday's decision.

Given the Fed meeting calendar,

it would not be totally bad idea to cut

25, here in July, if that NFP is weak enough. It would surprise the market,

but once the NPF comes out weak, the market would understand.

There is no Fed meeting in August or October.

September is the last meeting before the election.

They could cut once here and wait and look very measured and non-political.

Similar to what the European Central Bank did.

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Steven  VanHeyningen's avatar

I heard ex-NY Fed Gov. Bill Dudley joined TEAM RATE CUT......

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