TPLC - Rate Cut Forecast Now Seen For September At Earliest
2024-04-19 03:05:00 ET
Summary
- The only aspect of consistency in the market’s outlook for rate cuts lately has been pushing the expected date forward.
- Recent history falls in line with this trend and September is now seen as the earliest date for policy easing.
- Fed funds futures on April 18 are estimating a roughly 71% probability that the Federal Reserve will reduce its current 5.25-5.50% target rate at the Sep. 18 meeting.
The only aspect of consistency in the market’s outlook for rate cuts lately has been pushing the expected date forward. Recent history falls in line with this trend and September is now seen as the earliest date for policy easing....
Rate Cut Forecast Now Seen For September At Earliest