...or the Fed just ain't gonna enforce its effective fed fund rate this month.
Futures are pricing in 100% chance of 25 bps cut and 89%+ of 50 bps cut during this month.
Huge move today.
Futures are also pricing in we will forgo a December cut if this emergency action takes place in November. Makes sense since we're pretty much at zero anyway.
Futures are pricing in 100% chance of 25 bps cut and 89%+ of 50 bps cut during this month.
Huge move today.
Futures are also pricing in we will forgo a December cut if this emergency action takes place in November. Makes sense since we're pretty much at zero anyway.