Another central bank moves up its rate cut plans, accelerating its rate reductions with a 50-bps cut. At the same time the IMF lowers growth projections and warns risks of more downside are rising. These two developments are related to the same thing. It's becoming clearer where this weakness is coming from and that's why the public sector is starting to become more aggressive.  Eurodollar University's Money & Macro Analysis Bank of Canada October 2024 Monetary Policy Reporthttps://www.bankofcanada.ca/wp-content/uploads/2024/10/mpr-2024-10-23.pdf Bloomberg IMF Lowers Global Growth Forecast, Warns of Increasing Riskshttps://www.bloomberg.com/news/articles/2024-10-22/imf-lowers-global-growth-forecast-warns-of-increasing-risks IMF WEO October 2024 Policy Pivot, Rising Threatshttps://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024 https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU