FedWatch's Ben Emons forecasts gradual Fed rate cuts in 2026 - part 2/2

Yeah, that's right. I think to start with that that that steepening of the curve, that's very likely to continue. One, as you mentioned, like if you're getting more rate cuts, and you're getting actually more than what the market's priced in, that will not only boost the curve,

meaning shorter rates lower, but it will push up long-term rates because if you bring rates down faster, stimulates the economy, then we're going to see the investments coming into the economy next year. Japan and US announced that overnight that they're going to expedite the

investment as one first step. So, GDP is going to expand. So, that could lead to steepening of the curve. And then against that political backdrop that you talked about, the cycle people played in the basement trade as they say, so through the strength of the gold or through

silver or even through other type of ways, that I think will continue because there is too much uncertainty about how will this Fed chair truly function within the FOMC towards the White House. There's a really different setup, I think, that would be used to. And we can

speculate on this, but I think the market's definitely Where you off that? They're trying to try to price in this different fetcher with a steeper curve and higher gold price and I think that will continue. 3 1 2 3 0 0 0 0 0 0