Last time I looked at the CME futures traders’ projections for the July FOMC, there was no (zero, none, zilch) chance for a rate hold with the only question being a .25% or .50% rate cut. Here is a screenshot from NFTRH 557 a couple weeks ago.
Anyway, today da Boyz (CME) is speculatin’ that there is no .50% cut but still an overwhelming probability of .25%. But we know now beyond a shadow of a doubt dat da boyz can be wrong.
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