Morning Bid: Fed day focus is on what Jay says

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Morning Bid: Fed day focus is on what Jay says
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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotiaThe marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates continues to be the elephant in the trading room for all asset classes, responsible not only for recent peaks in Treasury yields and the dollar, but also forming the backdrop for record runs and subsequent declines in the likes of gold and bitcoin.

Futures markets now just barely see a single quarter-point rate cut by year-end, from an many as five of those at the start of the year.

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