Bigger is Better: Trump Says a "Small Cut" Won't Do
Trump is openly campaigning for more than a quarter-point cut but the market has discarded that outcome.
Trump's views are widely understood, but he is on the campaign trail anyway: Trump Says He Wants More Than ‘Small’ Fed Rate Cut.
Single Cut Odds
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The market thinks there is only a 27.1% chance of a 50 basis point cut.
That is up from 18.8% yesterday so it's likely Trump shifted the odds, but not enough.
Mike "Mish" Shedlock