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Dealers rolling out forward expectations of....>

FOMC
FOMC: Dealers rolling out forward expectations of further rate cuts by the FOMC,
after today's first intermeeting cut since late 2008, Morgan Stanley economists
expect the Fed to skip the March 17-18 FOMC but return with another 25bp cut at
the Apr 28-29 meeting " as policymakers await signs that peak coronavirus
infection rates have passed. Given the "fluidity" of the situation we see risk
of an earlier Fed action."

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