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Updated for imminent rate cuts and latest FOMC statement (June 19)
Rate cuts will be insurance against whatever "trade wars" will throw at the global economy. That's the current line from monetary officials in the US, anyway. The real question to ask is, how would they know?
Starting with trade wars. Is that really what's behind all this? The evolution of the curves told you everything you need to know and tell you what to prepare for. It's not just inversion that is noteworthy. They said all along there was no boom, even during the