Why is the market forecasting a Fed rate cut this year?
The Federal Reserve may have laid out its reasoning for leaving interest rates unchanged during its meeting earlier this month, but traders are increasingly betting on policymakers at the U.S. central bank cutting rates in the year ahead. The CME’s FedWatch Tool, which analyzes the probability of rate moves for upcoming Fed meetings, is currently predicting a 42.8 percent chance of a rate cut by the December meeting, shifting the benchmark federal funds rate into the 2-2.25 range. Comparatively, Read the full story
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