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NAB Morning Call
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The Fed's Talking Bup Rates, China's Going the Other Way
The market appears to be bracing itself for that message from fece powelon on on jackson hall this week. But a very different story, of course, while the fed's talking bup rates, china is going the other way. So we're expecting thee p b o c to day to announce cuts to their one and five year on prime rates. The big question there is whether we see a ten basis point decline in in the one year, as well as maybe even a bigger decline in the five years.
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