November 2024 FOMC Preview
After the excitement at the September meeting, November is going to be relatively less exciting.
After the excitement at the September meeting, November is going to be relatively less exciting.
Our new baseline is a 50 bps cut with a total of 75 bps of cuts in the SEP for 2024. It’s a close call but we think a 50 bps cut is more likely than a 25 bps cut. We think a 50 bps point cut is the right move.