Recent shifts in market sentiment indicate that traders are now anticipating the Federal Reserve to implement its first rate cut in September, a change from previous expectations of November. This adjustment follows comments from Fed Chair Jerome Powell, who noted that an unexpected weakening in the labor market could lead to rate cuts. The likelihood of a September rate cut is now priced at 70%, with traders also expecting a single 25 basis point cut within the year.
Fed futures now suggest a first rate cut in September (70% odds) and a single 25bp rate cut this year. https://t.co/kysMu56lkO
⚠️BREAKING: *TRADERS PRICE IN SEPTEMBER AS LIKELY TIMING FOR FIRST FED RATE CUT AS POWELL SPEAKS $SPY https://t.co/YV0a9zwX4K
TRADERS REDUCE BETS THAT THE FED WILL NOT CUT RATES AT ALL THIS YEAR, AND ADD TO BETS FIRST RATE CUT COMES IN SEPTEMBER
🔴 TRADERS REDUCE BETS THAT THE FED WILL NOT CUT RATES AT ALL THIS YEAR, AND ADD TO BETS FIRST RATE CUT COMES IN SEPTEMBER.
⚠️ TRADERS PRICE IN SEPTEMBER AS LIKELY TIMING FOR FIRST FED RATE CUT
⚠️BREAKING: *FED CHAIR POWELL: AN UNEXPECTED WEAKENING IN LABOR MARKET COULD SPUR RATE CUTS $SPY https://t.co/2GE9UaXjGE
🔴 TRADERS PRICE IN SEPTEMBER AS LIKELY TIMING FOR FIRST FED RATE CUT VS NOVEMBER SEEN BEFORE POWELL'S COMMENTS.