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Review the latest Weekly Headings by CIO Larry Adam.
Key Takeaways
The time has come! After the most aggressive tightening cycle in modern history, the Fed is ready to turn the page and begin dialing back its policy restraint after the second longest ‘on hold’ period (14 months) in history. Barring any surprises, the Fed should lower interest rates at its meeting next week—the first rate cut in over four years—in the hopes of preserving a soft landing for the economy. While the pace and magnitude of the Fed’s upcoming easing cycle remain in flux (we expect the Fed will start with a 25 bp cut), all eyes will be on the Committee’s economic forecasts and the Fed Chair’s press conference for clues on how things will evolve. Below we preview how the Fed’s economic projections and dot plot may shift and what impact the upcoming easing cycle could have on the fixed income and equity markets.
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