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.
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