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We are mere days away from a big fed announcement.
By all accounts, Jerome Powell, chairman of the Federal Reserve, is expected to cut interest rates next week.
And people expect that because he's basically been saying this is gonna happen for months.
Yeah.
I mean, albeit in these very fed speaky ways, you know, like this.
It will likely be appropriate to begin dialing back policy restraint at some point this year.
Translation rate cuts are coming soon, possibly, yeah.
Here's another one.
If the economy evolves broadly, as we expect, most FOMC participants see it as likely to be appropriate to begin lowering the policy rate at some point this year.
Yeah.
You know, lots of people have been watching that and hearing this stuff and interpreting it as interest rates are going to drop soon.
You know, of course, fancy financial types are watching this, but.