Don’t Expect a Rate Cut This Week

Anything is possible, but it is not probable that the Fed is going to serve up a rate cut this week with the president’s harangues and all that media hype ringing in its ears. Insofar as any markets are expecting that, they will probably be disappointed.

Da boyz who does da pridictin’ to make deer bonez sees only a 22% chance of a cut dis week. From CME Group

fomc rate hike probability

Dem same boyz pridicts a 87% chance of a cut in July, when rolling in da .5% cut boyz.

fomc

So it looks like the dead of summer for a cut, while casino patrons are out riding those annoying water craft, toasting marshmallows, hammering Buds and speakin’ of da boyz, dey be sippin’ dem Mahtinis in da Hamptins. Dat’s when da cut is most likely per the traders who do this for a living.

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