Mike “Mish” Shedlock's
Sitka Pacific Capital Management,Llc
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.
This material is based upon information that Sitka Pacific Capital Management considers reliable and endeavors to keep current, Sitka Pacific Capital Management does not assure that this material is accurate, current or complete, and it should not be relied upon as such.
Recommended Content
Editors’ Picks
AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.