The usually chipper Bruce Kasman over at JPMorgan Chase just lowered his 4Q economic forecast to -4 percent. He also looks for another 75 points' worth of Fed rate cuts this year. Interestingly, Fed economists have written studies that recommend putting the fed funds rate down to zero rather than incremental cuts below 1 percent. Bring on the Zero Handle.
Capital Commerce
Why the Fed Funds Rate Is Headed to Zero
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