Why markets are now pricing in up to three rate cuts by the Fed this year [Video]

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Well, the US Federal Reserve has delivered the hint that investors were waiting for, namely that if inflation remains on trend, a September cut is on the table. Joining us now to discuss is Hafiz Noordin, VP and Director of Active Fixed Income Portfolio Management at TD Asset Management. Hafiz thanks so much for joining us, as always.

It’s great to be here.

All right. So we have the news from yesterday. We’ve got a lot of news today about what’s happening in the US economy. I feel like the intrigue keeps building and building as to the potential for that September cut. So let’s start there. The market was looking for the wink wink, nudge nudge. They got it, it appears.

They absolutely got it. And, certainly, there was no expectation to make any changes to the policy rate yesterday, but looking for that change in the language and the statement and in the …