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Wall Street giant says rate cuts story is all wrong

The market is only pricing in the good stuff according to Apollo Global, one of the big names on Wall Street.

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The US economy will have to be in a recession for the Federal Reserve to cut rates nine or 10 times in the next few years.

Is that really what the market wants? Is that really what economists and investors think is around the corner?

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/wall-street-giant-says-rate-cuts-story-is-all-wrong-20240917-p5kb3s