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Steven Major predicts that the Fed led by Waller will cut rates far more than market expectations, possibly four or five times.

Steven Major predicts that the Fed led by Waller will cut rates far more than market expectations, possibly four or five times.

格隆汇格隆汇2026/02/03 12:09
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Glonghui, February 3rd|Steven Major, Global Macro Advisor at broker Tradition Dubai, stated that the rate cuts by the Federal Reserve, led by Kevin Walsh, may far exceed current market expectations. Major said on Tuesday: "I think a fairly reasonable assumption is that if he were not in the rate-cutting camp, he would not be considered for this position. The market is currently pricing in about two rate cuts, but we may see four or five, rather than two." The pricing in the money market currently suggests there is about an 80% probability of a second rate cut in 2026, and last week the market even considered the possibility of a third cut. This is because, compared to other candidates previously considered by Trump, the market views Walsh as more hawkish. His nomination still requires Senate confirmation.
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