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The Fed Lag and Mortgage Rate Dilemma
Bloomberg Opinion
Is There a Chance of a Rate Cut in December?
The market is still projecting a chance of a rate cut in December, says Garfield. But does that imply the market thinks there will be a month where we suddenly see the data completely fall off a cliff? Because there's not that many months left between now and December,. Well, yeah, they do, obviously, see a fairly swift turnaround. And to be fair, previous cycles, we have seen that sort of thing.
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