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"New debt king" Gundlach: Fed more likely to cut interest rates by 50 basis points in November after US election

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2024-09-18 21:00:35
The "new bond king" Gundlach said that the long-term bond market does not want the Federal Reserve to adopt aggressive easing policy; the Federal Reserve is not as behind the curve as before; the Federal Reserve is more likely to cut interest rates by 50 basis points in November after the US election; and the current data support Powell's remarks that the economy is not showing significant pressure.
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