Markets Bet Big on 25bp Fed Rate Cut – Low Odds for More Cut

On September 2, 2024, or about 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market appears to be predicting that the US Federal Reserve will cut the federal funds rate by 25 basis points (bps ). on September 18. The US federal funds rate is currently at 5.25%-5.50%, which (…)