The Nasdaq 100 (NDX) is jumping higher as the odds of a 50 bps rate cut are now back in play following a weaker-than-expected jobs report last week. The odds now stand at 11.8% after remaining at 0% between August 14 and September 4. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, …
Read More »StanChart expects Fed to cut rates by 50 bps next week after weak jobs data Reuters The Fed is headed toward a ‘policy mistake,’ says Bank of America CNBC Fed Gets Green Light for Interest Rate Cuts as Unemployment Rate Jumps to 4-Year High Realtor.com September is a perilous month for the Fed and the US economy The Times Jumbo-rate-cut chatter is rising after …
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Following August’s nonfarm payrolls data, the odds of a 50 bps rate cut during the September 16-17 Federal Open Market Committee (FOMC) meeting are now at 14.3% compared to 0% a day ago, a week ago, and a month ago, according to CME’s FedWatch tool. In addition, the odds of a 25 bps rate cut are now at 85.7% compared …
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Investors are pricing in a more than 96% chance of the Fed cutting the base rate in September, following a cooler than expected inflation report for July, released yesterday. But this isn’t the only pressure Jerome Powell and the Federal Open Market Committee (FOMC) are under: Analysts and politicians are also getting their orders in for how much of a …
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