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Two Former FED Senior Officials Revealed Interest Rate Expectations for Tonight, Prediction Charts Go Upside Down

Former officials of the Federal Reserve (Fed) are divided over whether to cut interest rates by 25 or 50 basis points. Loretta Mester supports a cautious approach with a series of smaller rate cuts, while James Bullard believes a modest 25 basis point cut is more appropriate. The debate has caused market volatility, contributing to the rise of the S&P 500. Jim Reid of Deutsche Bank suggests the speculation surrounding the rate cut could push the S&P 500 to close at a new high, which is unusual given the current record-breaking stock market.

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