Paul McCauley, former chief economist at PIMCO and an adjunct professor at Georgetown University's Mcdana School of Business joins us now. Paul, it's great to get your take on this. I mean, we have this data vacuum ahead of us most likely.There has actually been some balanced, maybe even hawkish Fed speak since the last Fed decision. Uh, and yet you think that the path is clearer toward further rate cuts. Why is that.Yeah, I uh don't think the shutdown is a good thing from the standpoint of democracy. It's ...

Bitcoin eyes breakout as 50bps Fed rate cut odds climb to 17% and dollar wobbles Markets are pricing about 30 basis points of easing for the Sept. 17 Federal Open Market Committee decision, split between a base case quarter point cut and a smaller tail for 50 basis points. Should rates drop 50bps, Bitcoin could eye a return to all-time highs. According to CME Group’s FedWatch tool, probabilities as of Sept. 10 at 7:30 A.M. CT stood near 90 percent for a 25 basis point move, about 10 percent for 50, and ...