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Point cut and i think it supports a 25 point cut next week. Did you see any potential policy shifts at the debate? they had a lot of political rhetoric but not a lot of policy information. We already know were both candidates stand on addressing inflation. We ran a number of scenarios through our models to gauge what the inflationary implications are for each of the candidate policies ranging from trade, immigration, taxes and generally form a president trump would be more inflationary than vice president harris because of the tariffs which are inflationary. On top of that stricter immigration leads to tighter labour markets and stronger nominal wage growth in the united states which by extension would raise inflation a little bit. Not a lot of new information last night, just that the political focuses bringing inflation down but the policies the next few years say otherwise. Markets have been volatile. Will an interest rate cuts stabilise things? since the beginning of this year i |

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