Trump wants to cut interest rates, but the market disagrees!
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Bianco: Every major economic release since May 1 (including FOMC meetings) has reduced the likelihood of a Federal Reserve rate cut (vertical dashed line). The next FOMC meeting with a probability of over 50% for a rate cut is now on September 17 (currently at 60%). Less than two weeks ago, this probability was over 100%. If this trend continues, the next rate cut will soon be postponed to December
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