The market says it’s odd-on for the Fed to cut rates later this year.
So is it one and done then one cut? Not quite.
The market believes there is a 90.1 percent chance the Fed gets in at least one more hike in 2023.
There’s a 36.4 percent chance of 2 or more quarter-point hikes through June.
Author(s): Mike Shedlock
Publication Date: 22 Jan 2023
Publication Site: Mish Talk