It makes even more sense for the Fed to cut now, says Raymond James’ Edward Mills

Markets may be reacting to the data but maybe to the idea of a new Fed board on the way with an 88% that is 89% higher than it was before. Probability of a first cut in September 48% for a second cut in October. So kind of toying with maybe it happens in October more sure of the with the 85% it happens in December.The result of the data was to boost the CNBC Moody's rapid update tracking forecast for the third quarter of 3.3%. pretty healthy, showing the economy and inflation accelerating amid curiously cal ...