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Wall Street banking giant UBS forecasts further Fed rate cuts later this year.
UBS forecasts two 25 bps Fed rate cuts in September and December 2024.
KEY POINTS
- Fed Governor Miran now anticipates three instead of four rate cuts this year.
- Markets expect Kevin Warsh, Trump's Fed nominee, to support a funds rate around 3%.
- Senator Thom Tillis may delay Warsh's confirmation by demanding a DOJ probe into Powell end first.
- 10x Research reports systematic buy signals for Bitcoin and select altcoins, mirroring previous rally periods.
COMPANIES
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