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VIEW: Late Monday Natwest wrote that "last......>

FED
FED: VIEW: Late Monday Natwest wrote that "last week's developments have led us
to tweak our Fed call. Previously, we expected three additional rate cuts after
October: December, March, and June. However, in the wake of the FOMC meeting and
the release of the October employment data, we now expect the Fed to stand pat
in December. Importantly, we still believe the Fed will ultimately feel
compelled to lower rates further and so we continue to forecast rate cuts in
March and June, dropping the funds rate to 1.00%-1.25% by mid-2020."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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