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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: humble15/1/2024 2:44:32 PM
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The Federal Reserve gave a slightly dovish message when it decided to cut the Treasury run off from its balance sheet to $25 billion from $60 billion, said David Kelly, chief global strategist with JPMorgan Asset Management.

It could have just gone to $30 billion, he said on CNBC’s “Power Lunch.”

“The fact that they went that extra $5 billion, it probably doesn’t sound like a lot, but it does say that they are trying to send a message here that they are not going to be too hawkish,” he said. “It gives some more confidence they won’t hike again but they will eventually cut rates this year.”
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