25 now.
It's a close call, though. Market is pricing it roughly 60/40 between 50 and 25. My feeling is that they won't want to signal panic with a large first move. We will see.
Maybe another cut before year end. Really depends on the data.
It's a close call, though. Market is pricing it roughly 60/40 between 50 and 25. My feeling is that they won't want to signal panic with a large first move. We will see.
Maybe another cut before year end. Really depends on the data.