Was the Jumbo Rate Cut "Normalization" or Signs of Trouble Ahead?
The Breakdown
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Analyzing the Unprecedented Rate-Cutting Cycle
This chapter explores the current rate-cutting cycle and its distinctiveness from previous episodes, particularly referencing the 1995 cuts. It emphasizes the role of employment data in the Federal Reserve's decisions and the tension between market expectations and the Fed's cautious approach to future rate cuts.
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Transcript
