الجمعة, 04 تشرين1/أكتوير 2019 09:11

Another Rate Cut Looms

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(New York)

It was uncertain for a while, and still is, but markets are increasingly expecting the Fed to cut rates again this month. Investors now put around a 75% chance that the Fed will slash rates by another 25 bp this month. The interesting thing is at the beginning of this week, the market’s odds were under 40%. However, the release of weak manufacturing data a few days ago sent expectations surging that the Fed would once again step in.


FINSUM: New jobs report data out today will only bolster the case for further rate cuts.

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