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Three Cuts or More
March 2018: United States imposes the first round of tariffs on China.
Source: LPL Research, CPB World Trade Monitor 8/28/19
Ned Davis Research Large Cap Growth/Value Equity Series Ratio
Year Over Year (Right Axis)
World Trade 3-Month Average
$ Billions (Left Scale)
Implied Probabilities for Fed Funds Rate Changes
First Fed Rate Cut
A rate cut is a 25 basis point (0.25%) reduction from the current upper bound fed funds rate of 2.25%.
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