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One would assume Bessent is familiar with what happened to rates when the Fed cut 50bps last September, nevertheless, Trump acknowledged the housing slowdown last week & how rate-cuts are needed to stimulate housing & now Bessent is doing the same.
Housing has been the ‘weak-link’ within the economy in terms of being frozen & if the administration is trying to get a pickup in housing, the narrative will soon shift to overheating the economy.


21.7. klo 19.48
*BESSENT: RATE CUTS WILL OPEN UP HOUSING MARKET
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