Liquidity Returns: Fed’s Third Cut and $40B Purchases Set Bullish Backdrop for Market

TLDR: The Fed confirmed its third straight rate cut, reinforcing expectations for a gradual easing path into next year. Powell acknowledged weak labor conditions and overstated job gains, adding context to continued policy adjustments. The Fed will buy $40B in T-bills over 30 days, with elevated purchases set to extend liquidity into the markets. Policymakers [...]

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