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Capital Economics: Today's Fed interest rate decision is hawkish

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2024-11-07 19:40:19
Capital Economics assessed that today's Fed rate decision was hawkish. "All things considered, we now expect the Fed to end this easing cycle earlier than before. We expect an additional 25 basis points of rate cuts at each meeting through May, with rates bottoming out between 3.50% and 3.75%, 50 basis points higher than our pre-election forecast.
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