Daniel Siluk says some market participants are looking for a 50bps rate cut which he believes would indicate "panic." On the Fed's dot plot, he states it could be a little bit more disperse but adds that he doesn't really know any investors or traders that build a position based off of it. Daniel indicates that Jerome Powell's commentary will be critically important and doesn't believe calls that the Fed Chairman is "late" on rate cuts is fair. He shares his belief that the U.S. economy is strong, citing previous retail sales data.

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