Hey, it’s not me speculating upon that. It’s the CME wise guys. A Corona-cut is on the way.
On Friday we noted 100% chance of a cut with a 27% chance it would be a .5% cut. Well, now things appear more dire, or bullish, or bearish or… frankly, pathetic (in my opinion). A thus far moderate health disaster comes along and this system cannot withstand it. What little interest rate seed corn the Fed has will be used up in no time. Then I guess it’s on to the more exotic tools they have at their disposal.
So the Fed will cut .5% at or before the March 18th FOMC meeting. So say da boyz at da CME. Uncle Buck is taking it to heart so far.
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