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This week, we get the event that the markets have been waiting for all summer. The US Federal Reserve widely expected to cut rates on Wednesday. What could it mean for the economy and the markets as we head into the fall? Joining us now to discuss is Jing Roy, VP, director, and portfolio manager for asset allocation at TD Asset Management. Jing, great to have you back on the show.
Thanks for having me.
So after all the talking all summer on this program out there in the financial press about the Fed, we finally arrived at the week. What are you expecting from the Fed?
We finally enter into a synchronized global rate cut cycle. So this week, the Fed is expected to join the Bank of Canada and the European Central Bank to start the rate cut cycle. By the end of this year, the Fed is expected to cut about …