>>21541103>my guessif le Fed does another jumbo 50 bps cut tomorrow, then today has been the bottom for bonds (top for yields).
my guesstimation is that there will be 75 bps to 100 bps of cuts left for the remainder of 2024.
if this holds true, then we are indeed back to easiest money policies and by the end of 2025 le Fed funds rate will be around 1.75% to 2.50%.
whether this goes hand in hand with a straight out return to QE via Fed balance sheet expansion, idk.
