The Fed Will Disappoint - What About The Markets?
Written by Jim Welsh
Macro Tides Weekly Technical Review 17 June 2019
Financial markets expect the FOMC to either lower the fed funds rate at this week’s meeting on June 19 or tip its hand regarding its next meeting on July 31. The fed funds futures market pegs the probability of a rate cut no later than at the July meeting at 83%. With so many investors expecting so much clarity from the FOMC at such an uncertain time, the odds of a disappointment may not be 83% but is surely north of 50%.
Source: http://econintersect.com/pages/investing/investing.php?post=201906180342
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