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Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair Jerome Powell and other officials saying they’re not considering rate cuts just yet. Still, some think rate cuts could come as early as the first quarter. The latest inflation figures have been encouraging, and real-time ...

So let’s freestyle this article a bit today because our brains are trying to connect a few dots. Inflation is falling, but hovering around 3-4%. It’s beginning to look like it’ll anchor near there, higher than the Fed’s 2% target. Here’s CPI . . .Overnight rates (i.e., the fed funds rate) though are running around 5.5%, but they “feel” much tighter at ...