Dr. Jeff on Nostr: The CME 30-Day Fed Funds futures prices are currently predicting a 56% chance of a 25 ...
The CME 30-Day Fed Funds futures prices are currently predicting a 56% chance of a 25 basis point (bps) rate cut at the Sept 18 FOMC meeting vs a 44% chance of a 50 bps rate cut.
In my mind, it's a coin flip (50/50).
Regardless, I don't think we are going to see a massive and prolonged series of rate decreases... primarily because we are not heading into a major #recession, as many doom and gloomers suggest.
This is ongoing #normalization after the unprecedented events of 2020-22, not a typical (or major) #recession.
Invest accordingly.
Cheers.
Published at
2024-09-06 12:46:55Event JSON
{
"id": "bca3911bd359fb7f489c2fb1c0e0f079eecdb4268d828f5628fc28652e53cf17",
"pubkey": "b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d",
"created_at": 1725626815,
"kind": 1,
"tags": [
[
"t",
"recession"
],
[
"t",
"normalization"
],
[
"t",
"recession"
]
],
"content": "The CME 30-Day Fed Funds futures prices are currently predicting a 56% chance of a 25 basis point (bps) rate cut at the Sept 18 FOMC meeting vs a 44% chance of a 50 bps rate cut.\n\nIn my mind, it's a coin flip (50/50).\n\nRegardless, I don't think we are going to see a massive and prolonged series of rate decreases... primarily because we are not heading into a major #recession, as many doom and gloomers suggest.\n\nThis is ongoing #normalization after the unprecedented events of 2020-22, not a typical (or major) #recession.\n\nInvest accordingly.\n\nCheers.\n\nhttps://m.primal.net/KgmJ.png ",
"sig": "609d7797b3f522143323754be39cd7bde551130c1ef803226637023e1a021aeea54e61f8f242d5e1fe58fa5fa7b7fc978e0d68b0d598e8cd6c98e012b8b7316a"
}
