https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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Traders are pricing in a 100% chance of at least one Fed rate cut in July
Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of one rate cut to 2% to 2.25% range, a 31% probability of two cuts and 2% of three cuts in July, according to the CME FedWatch tool. The tool is based on futures pricing from live markets and reflect the views of traders placing real bets on the CME exchange. The Fed decided to keep the benchmark rate in a target range of 2.25% to 2.5% Wednesday. The Fed’s so-called dot plot shows that policy makers are divided for the ... (full story)