Jefferies: Maintains its bet that the Federal Reserve will cut interest rates twice
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Kumar stated that Kevin Walsh supports lowering interest rates and reducing the balance sheet, which is basically in line with market expectations. He said, "Our view remains that, under Kevin Walsh's leadership, the Federal Reserve will take a more accommodative stance on interest rates." "We maintain our outlook that the Federal Reserve will cut interest rates twice, though we acknowledge that these two rate cuts may not happen this year."
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