"Traders Bet on Guaranteed Fed Rate Cut by September"
TL;DR Summary
Traders are now 100% certain that the Federal Reserve will cut interest rates by September, driven by recent inflation data and comments from Fed Chair Jerome Powell. The CME FedWatch Tool shows a 93.3% probability of a quarter-point cut and a 6.7% chance of a half-point cut, reflecting traders' confidence in upcoming rate reductions.
- Traders see the odds of a Fed rate cut by September at 100% CNBC
- Traders Add to Bets on Three Fed Rate Cuts in 2024 Bloomberg
- Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing The New York Times
- A big change could come to the US economy in September CNN
- It’s Time for the Fed to End the Waiting Game The Wall Street Journal
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