Link:https://mishtalk.com/economics/fed-rate-cut-expectations-drop-on-unexpectedly-strong-cpi-data/
Graphic:
Excerpt:
- A month ago, the market thought there was no chance the Fed would hold pat through May.
- A week ago, the odds were 33.4 percent.
- Yesterday, the odds were 39.3 percent.
- Today, the market says there is a 62.1 percent chance the Fed did not cut in March or May. There is no April meeting.
Author(s): Mike Shedlock
Publication Date: 13 Feb 2024
Publication Site: Mish Talk