Big or small?
Will the Fed cut rates by 25 or 50bp this week? NAB’s Ray Attrill says markets are still undecided, but equities are priced as though there’s a bigger cut coming.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 16th September 2024
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Big or small, that’s the question this week. Will the Fed go for a 50bp cut? If the plan is to do that at some point this year, why not now? That’s one of the arguments being touted, which Phil discusses with NAB’s Ray Attrill. Certainly, equity markets seem to be expecting a larger cut, with the Russell 2000 showing particularly strong growth on Friday. Meanwhile softer activity data from China suggests they are sliding further away from their 5% growth target, but there’s no indication of when the Politburo will implement new policies beyond the remit of the PBoC.
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