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Wall Street wants a strong economy, it also wants Fed rate cuts. The two aren’t necessarily compatible
Source: Buzz FX / 15 Oct 2024 07:36:23 America/New_York
While it’s not Jerome Powell’s job to keep the markets happy , that didn’t stop analysts from piling on the pressure when they wanted to see some Fed rate cuts. Of course, Wall Street also wants a couple of other things.
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