‘New Bond King’ Gonzalez: Fed's 50 bps rate cut in November more likely after US election
The ‘new bond king’ Gonzalez said the long-term bond market does not want the Fed to take aggressive easing policy; the Fed is not as behind the curve as before; after the U.S. election, the Fed in November to cut interest rates by 50 basis points is more likely to be; the current data to support Powell's remarks, that is, the economy does not show significant pressure.
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