Jobs data this week made a rate cut a virtual certainty and most probably a necessity at the next FOMC meeting. The question is now; will it be an incremental 25 basis point cut or an aggressive 50 basis point cut? The Fed will be watching financial developments and other data up to the meeting date, Sept. 18, to determine their next policy move.
Sources: IBC' s Money Fund Report; Bank Rate Monitor; Federal Home Loan Bank of San Francisco
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