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Spencer Jakab | Rate Cuts Could Boost These Stocks More Than Big Tech
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Casual fans know who won the game, but usually not the exciting play-by-play. For those who werenāt glued to CNBC last month, the exciting sport of Federal Reserve forecasting saw a comeback: The heavily favored Doves (those supporting rate cuts) were down by three touchdowns, but have now taken a decisive lead over the Hawks.
Futures trades logged by CME FedWatch put the odds of a cut next week above 90% in late October, but as low as 30% by Nov. 19. That probability ended the month almost back where it started, helping technology stocks rebound.
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