Fed Day: Hawkish Cut on Deck
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Housekeeping: Good Morning.
“The Gold reset is a process, not an event”
Today
* Discussion: FOMC Day
* Premium: Rabo “Slowdown”
Discussion: Hawkish Cut
Goldman’s Take:
“The FOMC is likely to lower the target range for the fed funds rate by 25bp to 4.25-4.5% on Wednesday. We expect the main message of the December meeting to be that the FOMC anticipates that it will likely slow the pace of rate cuts going forward, and we have revised our forecast for 2025 to eliminate a cut in January. We continue to expect…
The skinny
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