"Highest probabilities (52%) for rate cuts (25 bps) using the Fed fund futures is the 12 Jun Fed meeting."
BTY, the fed only cuts rates if the economy is stalling and needs stimulating. How is that going to happen with earnings up, markets at record highs and the economy going well?
But, if voters don't get their promised rate cuts, they will boot Biden out for sure! So, something negative has to happen between now and June to justify the rate cuts. Now what that be? So a mini-banking crisis, credit crunch and market dip is probably part of the plan.
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |