NBS on Nostr: Big week for markets. FOMC rate cut decision this Wednesday at 1PM CST. The market is ...
Big week for markets. FOMC rate cut decision this Wednesday at 1PM CST.
The market is currently pricing 50bps of cuts, so 2 cuts, for this meeting, but it’s far from consensus. Fed Funds Futures show a 59% probability of a 50bps cut vs 41% for 25bps.
General consensus is 4 cuts before year-end, in which case 2-1-1 cuts makes the most sense. This has caused the market to shift to expecting two on Wednesday, up from expecting only one from just last week.
Stay safe out there.
Published at
2024-09-16 16:01:24Event JSON
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"content": "Big week for markets. FOMC rate cut decision this Wednesday at 1PM CST.\n\nThe market is currently pricing 50bps of cuts, so 2 cuts, for this meeting, but it’s far from consensus. Fed Funds Futures show a 59% probability of a 50bps cut vs 41% for 25bps.\n\nGeneral consensus is 4 cuts before year-end, in which case 2-1-1 cuts makes the most sense. This has caused the market to shift to expecting two on Wednesday, up from expecting only one from just last week.\n\nStay safe out there.\nhttps://static.noauthority.social/media_attachments/files/113/148/061/755/457/414/original/33037c71ed383b36.png\n",
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