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Today’s Points:
- It appears we need to talk about Kevin — Hassett, as
next chairman of the Fed . Markets didn’t react strongly, but the 10-year Treasury yield did dip below 4%.- And there are now massive
futures bets that the Powell Fed will cut next month. - TradFi is
DeFiant ; this has been an awful year for crypto. - AND: Maybe don’t celebrate Thanksgiving with a pumpkin spice latte.
Kevin’s Gate
Does it matter who will next get to chair the Federal Reserve? You bet it ...