Story Highlights* Kevin Hassett says the Fed is “likely” to cut rates next week, setting off fresh market expectations.
Economists and traders now see a high probability of a 25-bps move despite a divided FOMC.
A December cut could send fast ripple effects through global markets, especially Asia’s currencies.
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Fed Rate Cut Expected Next Week After Kevin Hassett’s Alert
Story Highlights* Kevin Hassett says the Fed is “likely” to cut rates next week, setting off fresh market expectations.