The Fed’s monetary loosening cycle started with a 50 basis points September rate cut, as I forecast. So the “expert” consensus got it wrong again. “100% of leading US economists expect Fed rate cut this week; Vast majority predicting 25bps reduction; 17% forecasting cut of 50bps,” Yahoo Finance, dated September 17. Could this be the negative phenomenon of group think, leading to faulty or uninformed...
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