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The Federal Reserve will lower the target for the Federal Funds Rate three times, according to Wolfteam Ltd.'s projections and estimates.
Lowering the Federal Funds rate is beneficial for both Joe Biden's reelection campaign and Donald Trump's election bid. Which makes three interest rate cuts good for the reelection of Jerome Powell as Chair of the Federal Reserve.
In short, three rate cuts seems like a good middle, well balanced outcome.
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