
Jim Bianco|Apr 05, 2025 13:42
If the Fed cannot find a reason to cut on May 7 (next meeting), the cutting cycle ended last Dec.
* Arguably, the stock market crashed this week
* JP Morgan is saying 60% probability of a recession
* Record uncertainty
* Unprecedented Govt policy on tariffs.
Despite the list above, the probability is still less than 50%.
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