What the Market Says About Rate Cuts
Hey, it’s Ross Givens here with the Chart of the Day. In their last monetary policy meeting, the Fed forecasted just one rate cut this year. Swap traders don’t believe them, pricing in two instead. After yesterday’s cooler-than-expected CPI report, those traders will likely be proven correct. Now is not the time to sit out of this bull market. But you should be mindful of how it may be shifting.
July 12, 2024
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