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Today's news has led to further speculation that the Fed will cut key short-term interest rates at their next FOMC meeting on September 18th. There was somewhat of a division amongst analysts before today's data on whether the rate cut would come at this next meeting or later in the year.
The only debate by most of them now is whether we will see a quarter or half-point cut this month. I suspect we will see plenty of speculation and volatility in the markets as we get closer to the date.
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