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US interest rate cut expectations jump to 94%!
Following weaker-than-expected inflation data, markets raised their bets on a rate cut at the next Fed meeting from 80% to 94%.
The outcome?
• A likely shift in money market funds to longer-term bonds.
• Support for stock and real estate valuations as discount rates fall.
If the cut materializes, we could see a major re-pricing of bonds and stocks.
$OP
$DOT
$ZRO