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Kit Juckes, chief global FX strategist at Socie ́ te ́ Ge ́ ne ́ rale, said in a note that the money market's current expectations for a US rate cut in 2024 appear to be overdone, and the possibility of a larger 50 basis point cut in September remains unlikely. The US money market now expects a 103 basis point cut in 2024, according to Refinitiv, suggesting the Federal Reserve will cut rates by at least 50 basis points in at least one of the three remaining meetings this year. Juckes said: "...

2024-08-26 21:13:50