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Dow Jones, S&P equal weight, and gold all hit new highs, with expectations for a 50 basis point rate cut running high!
The market's expectation for a Fed interest rate cut continues to heat up, leading to an inflow of funds into economically sensitive industries, driving the Dow, S&P, and gold to new historic highs. Currently, traders believe there is a 64% chance of a "50 basis points rate cut."
Futu Morning Post | Senators jointly write to Powell, urging a 75 basis point rate cut this week; Intel to customize AI chips for amazon, with stock soaring over 11% after hours.
Barclays argues that if Trump implements unilateral forex intervention to weaken the US dollar, the cost will be too high; Ultraman has left the OpenAI safety and security committee, which will be chaired by Zico Kolter.
Look for Jumbo Rate Cut and Relatively Dovish Tone From Fed: J.P. Morgan Research Chief
Democratic Senators Send Letter to Powell Advocating for a 75-basis Point Rate Cut
Market Drumbeat for 50bp Rate Cut Persists Ahead of Retail Sales Going Into Fed Meeting
UBS Sits in the 25-basis Point Rate Cut Camp Ahead of the FOMC Meeting