Markets Favor Aggressive Rate Cuts
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interest rate reductionsCNBC
•Markets are clamoring for the Fed to start cutting soon: 'What is it they're looking for?'
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"The bar is getting set pretty high and that really doesn't make a lot of sense," economist Claudia Sahm says.
Sahm is known for devising a rule that uses unemployment as a yardstick for recessions.
Markets are pricing in an aggressive path for rate cuts starting in September .
DoubleLine CEO Jeffrey Gundlach also thinks the Fed is risking recession by holding a hard line on rates.
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