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Unwinding Of Japanese Yen Carry Trade Boosts The Case For 'Supersized' Rate Cut, Economist Says (CORRECTED)
Tuesday, August 6, 2024 - 10:46am | 389Editor’s Note: This article has been updated to correctly identify Joe Brusuelas as the chief economist with RSM US LLP. The frenzied unwinding of the Japanese yen carry trade — borrowing cheaply against the Japanese yen to buy high-growth stocks — may prompt the Federal Reserve to cut rates...