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[edit] I may have misspoken in the post below. If my hazy memory serves I think I remember something about Powell not being a formally trained economist. But it does…
Actually, the post title was written before the release. So I have no clue what comes next. Just assuming, as I get the post ready to be Johnny on the…
According to CME Group, rate cut probabilities declined yesterday to even odds from a previous reading that was near unanimous for a cut. Today it is back to 59% for…
An email from a subscriber prompts this mini update here at T-minus 1 day to FOMC. In response to this morning's rate cut probabilities post Mark asked my thoughts about…
While a majority of wise guys still expect the Fed to cut the Funds Rate tomorrow, the percentage has dropped significantly, from what I seem to remember as near-unanimous in…
Da boyz on da CME is still cuttin' da rate... 93% say 1/4 point in September. That one seems - and is - rather obvious. October has 56% of the…
The suspense builds as Jerome Powell presides over a panel of foremost economic geniuses, people who know much more than you or I about how to relieve or increase pressure…
Just another reminder that as the media swing back and forth on the rate discussion the CME boyz are 100% on a cut for next week with 18% still betting…
From da boyz who'z doin' da pridictin' at da CME Group... Say the Fed Futures traders, July is 100% going to see a cut and 25% see .5%. Cough cough,…
A couple tough days for the market and the headlines are reinforcing the negativity. A single (and positive) payrolls report has instigated some market noise with the theme being a…
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…
[edit] Here's the chief's live press conference. In other words... If market signals do not turn around rapidly we'll be cutting the funds rate in July under cover of vacation…
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…
The countdown to the Fed's "decision" on interest rates is on. With great interest man and machine wait for the Fed to tell us what the wise guys at CME…