1 Nov 2024

Interesting point of view by Dr. Ed Yardeni:

"28 days since the 1st rate cut and 10-Yr. yield is up nearly +60bps. The 1995 Soft Landing rate cut cycle is almost a mirror image, as it also started its descent a few days later, a potential post-election outcome". There is one big difference though: the fiscal 6 debt situation in the US now vs. 1995... Source: Seth Golden @SethCL

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