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Analysis: Market Pricing Deviates Significantly from Fed's Stance, Potential Mispricing Brewing
Summary: According to BCA Research analyst Dhaval Joshi, the market's current pricing of US interest rates deviates significantly from the stance of the Federal Reserve, potentially leading to mispricing. Joshi noted that Trump is requesting a 3% rate cut from the Fed, but with the July employment report showing a significant slowdown in the US job ...
According to BCA Research analyst Dhaval Joshi, the market's current pricing of US interest rates deviates significantly from the stance of the Federal Reserve, potentially leading to mispricing. Joshi noted that Trump is requesting a 3% rate cut from the Fed, but with the July employment report showing a significant slowdown in the US job market, Trump seems to have the upper hand in this 'battle' with Powell. However, the true reasons behind the job market slowdown should be closely monitored.
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Link: Analysis: Market Pricing Deviates Significantly from Fed's Stance, Potential Mispricing Brewing [Copy]
