Just checked the interest rate swaps and there's definitely a shift happening. The market is pricing in a 15 basis point cut from the Fed by December, which is pretty dovish compared to what we were seeing before. The swap market doesn't usually move this much without good reason, so traders are clearly betting on looser policy down the line. This news on interest rates is worth paying attention to if you're holding any positions that are sensitive to rate moves. Could be an interesting few months ahead depending on how the economic data plays out between now and then.

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