Compared to the size of the economy, the Fed’s assets are now down to 21.8% of GDP, where they’d first been in 2013.| Wolf Street
Amid only one dissent, FOMC Cuts by 25 basis points. “Dot Plot” sees 50 basis points in additional cuts in 2025. Risks shift to labor market. QT continues.| Wolf Street
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Wolf Richter| wolfstreet.com