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The Fed prognosticators are having a field day ahead of the upcoming FOMC meeting at the end of July.
If you boil down all the rhetoric to the basics, most analyses want to know, at least now, whether the Fed will cut rates by 25 or 50 basis points (bps) in July.
There is not much debate about that anymore. Federal Reserve Chairman Jerome Powell had an opportunity to walk the market expectation back and he didn't, almost ensuring a rate cut.
The proponents of a 25 bps move, including me, argue