TSX:AX.PR.E - Post by User
Comment by
Torontojayon Jul 18, 2024 9:51pm
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Post# 36139451
RE:RE:INTEREST RATES
RE:RE:INTEREST RATES
stooard wrote: sounds about right. do you follow fed decisions on that cmegroup fedwatch tool?
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
I follow it.
There is a 94% chance of a rate cut in September. Exactly as I had predicted earlier in the year. J Powell likes to see 3 and 6 months annualized inflation lower than headline before he feels confident that things are headed in the right direction.
Cme Fedwatch tool is predicting 3 rate cuts by the end of the year with a probability of 50.8%.