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Additionally, the Fed is expected to cut the federal rate twice more in 2024, and four more times in 2025. Cue sighs of relief from credit card users across the country plagued by rising debt ...

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Since then, the Dow is now +12 ... Could this be the bond market betting on a 50 bps cut at the Fed’s next meeting on September 18th? Looks like it, at least from this vista.