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TD Securities: Fed's forward guidance is dovish

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2024-09-18 17:44:29
Analysts at TD Securities said in a recent note that the probability of a rate cut of 25 basis points to 50 basis points will be close. In our view, the dot plot will be the most important part of the Fed's guidance, as well as Chairperson Powell's press conference. The Fed's forward guidance is expected to be broadly dovish.
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