MARKET DAILY

Market 02/05: Stocks cool off, expectations for interest rate changes

Services PMI highest in 4 months. China imposes a series of trading restrictions, efforts to prevent the market from continuing to plummet.

Rate cut from March is not the Fed's plan (not a Fed’s baseline)

… waiting for data to confirm inflation can fall to 2% (although the Fed doesn't need to wait for inflation to reach 2% before cutting rates).

Forecast interest rates may still be 4.6% by the end of this year.

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