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Why Wall Street’s Top Banks Don’t Think the Fed Will Cut Rates at All This Year
“Our house view continues to be that the Fed won’t cut this year, but will end up cutting more than expected next year,” Morgan Stanley strategists said. Incidentally, both banks are now at odds with futures markets, which assign a roughly 90 percent probability for a 25-basis-point rate cut in September.
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Stock market today: Dow, S&P 500, Nasdaq futures creep up as Wall Street watches Trump moves on Fed
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But just because the S&P 500 and Nasdaq Composite have hit new highs doesn't mean Wall Street's biggest showdown -- Donald ...
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