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DLBS - Dear Traders: The Fed Will Not Be Lowering Rates
Barclays Bank PLC ZC SP ETN REDEEM 13/08/2020 USD 50 - Ser A 06740L444
On Wednesday I was doing my usual scan of the daily investment news. After reading this article from CNBC you could have knocked me over with a feather. Here is the key excerpt:
Futures trading now indicates an 80% chance of a rate cut by January 2020, according to the CME’s FedWatch tool. However, the decrease could come even sooner than that — the tool assigns a 51% probability of a move lower in September and a nearly 42% chance of two cuts by January.