Fed will lower rates three times and a total of 75 bps this year: Marathon Asset's Bruce Richards

For more on what the Fed will do and what it means for opportunities in credit, we're joined now by Bruce Richards of Marathon Asset Managements. Good to see you. Welcome back.Good to see you. Well, that was timely uh for for our conversation. What do you think they're going to do next week.Cut. And by cut by 25 base points, 50 is off the table. 25.And it's a lock 100% probability priced in the market that they'll cut for each of the next three times this year, which is bringing rates down 75 bas. Why do yo ...