Saturday, August 12, 2017 4:06 PM EDT
For the first time in a long time, CME Fedwatch shows the odds of a rate cut in December rose considerably above zero. Considerable means 2.6%.
Yes, that’s a long shot, but cut odds were zero on Thursday, zero a week ago, and zero a month ago.
Moreover, rate hike odds which a week ago were over 53.2% are now down to 35.9%.
December Rate Hike Odds
May 2018 Rate Hike Odds
No Hike Until June 2018?
Don’t assume stocks will retain an upward bias if the Fed does hold off, or even cuts.
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...
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Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
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