Nearly 50% Odds of “At Least” 3 Rate Cuts by December
|In the last month the odds of interest rates cuts by the Fed have soared.
June Rate Cut Odds
Rate cut odds from CME Fedwatch.
The odds of one cut in June are 44.6%.
The odds of two cuts are 29.3%.
The odds of three cuts are 5.4%
June Changing Odds
A month ago the the odds of No Cut in June were 63.0%.
Today they are only 20.7%.
December Rate Cut Odds
December Changing Odds
In the past month the odds of two or more cuts jumped from 30.3% to 77.7%
In the past month the odds of three or more cuts jumped from 8.4% to 47.2%
What's Happening?
CDC Admits Spread of Coronavirus in the US Appears Inevitable
Lie of the Day: This is Not a Pandemic
Bond Yields Crash and Gold Soars on Pandemic Threat
Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times
Rate cuts odds started rising before coronavirus threat materialized on news Largest Global Shipping Decline Since 2009.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.