As things stand, Fed funds futures are now pricing in ~92% odds of a 25 bps rate cut for September. And by year-end, we're looking at a total of ~60 bps of rate cuts priced in. And that looks to be what Fed policymakers are starting to allude to as well.
Essentially, the next three meetings in September, October, and December are going to be 'live'.
We've gone from "the economy is still hot, so all is good" rally to "oh no, the economy is bad" in just a day. And then after the weekend now, we're moving to "even if the economy is bad, rate cuts will come to save us". This has been a market that will spin the narrative no matter what since last year.
This article was written by Justin Low at investinglive.com.Hence then, the article about september slowly becoming a given as fed policymakers become more vocal on rate cuts was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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