Economists and traders are increasingly expecting the Federal Reserve to cut interest rates twice in 2024, with a significant likelihood of the first cut occurring in September. A survey indicates a 68% chance of a rate cut by the September 18th meeting, ahead of important economic data and Jerome Powell's upcoming speech at the ECB's Sintra conference. UBS and other analysts also predict that the Fed will initiate rate cuts in September. Additionally, bond traders are making bold bets on a substantial reduction of 300 basis points in the Fed's rates by March 2024.
😬 Bond Traders Boldly Bet on 300 Basis Points of Fed Cuts by March Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s interest-rate path: a whopping 3 percentage points worth of cuts in the next nine months. Over the past three…
Bond Traders Boldly Bet on 300 Basis Points of Fed Cuts by March https://t.co/t9KIx07olO https://t.co/knZRcFDD5E
Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s interest-rate path: A whopping 3 percentage points worth of cuts in the next nine months. https://t.co/YWq171Z5qU via @markets
Bond Traders Boldly Bet On 300 Basis Points Of Fed Cuts By March - BBG https://t.co/1Jl2DJkl28
Traders in the US rates options market are embracing a nascent wager on the Federal Reserve’s interest-rate path: A whopping 3 percentage points worth of cuts in the next nine months. https://t.co/taF4iSMf6W
Economists now expect the Federal Reserve to start cutting rates in September. Just in time for the elections. 🇺🇸 https://t.co/RWmLjc8G5p
⚠️JUST IN: *SURVEY SHOWS FED EXPECTED TO CUT RATES TWICE IN 2024 WHAT ARE YOUR THOUGHTS? https://t.co/LBmkxkZfnC
Economists now expect the Fed to cut rates in September, per Bloomberg: https://t.co/NjUTdsxt7n
UBS: The Fed will cut in September https://t.co/j0mwIJnaXd https://t.co/oikUKMXVbv
(US) Fed futures price 68% chance (v 50% m/m) for a rate cut by Sept 18th's meeting ahead of PCE deflator data on Friday and Powell speech next week at ECB's Sintra conf (More at https://t.co/J7G7A4Bo4p)
Survey shows Fed expected to cut twice in 2024 https://t.co/O3nh3fZAyd https://t.co/43ILSEanzG
Here’s how much #WallStreet thinks J-Powell and the 🇺🇸 #US Fed will cut rates this year https://t.co/ecl6EVrrkl
Here’s how much Wall Street thinks Jerome Powell and the 🇺🇸 Fed will cut rates this year https://t.co/C01jAOwSKU