TSX:AX.PR.E - Post by User
Comment by
garyreinson Sep 06, 2024 9:26am
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Post# 36211437
RE:RE:FUTURES POINT TO A 50BP CUT
RE:RE:FUTURES POINT TO A 50BP CUT
Fed-funds futures reflects 55% probability of half-point rate cut in September
Fed-funds futures traders now see a slightly better than 50-50 chance the Federal Reserve will cut its key interest rate by 50 basis points, or half a percentage point, at its Sept. 17-18 meeting following a weaker-than-expected rise in August nonfarm payrolls.
The market shows a 55% probability of a 50 basis point cut, up from 40% on Thursday, according to the CME FedWatch Tool. The probability of a 25 basis point reduction was at 45%.