The most accurate analyst on Wall Street: It's no longer about “to cut or not to cut”, or “when to cut”, but rather “whether cutting interest rates is still effective”.
According to Michael Hartnett, Chief Strategist at Bank of America, significant interest rate cuts from the Federal Reserve are necessary to prevent a recession. If certain key indicators are breached, the Wall Street narrative will shift from a soft landing to a hard landing. Hartnett recommends focusing on the US NFIB Small Business Confidence data, which will be released on Tuesday.
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103094776 : I'm going to 17