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BREAKING: Interest rate futures now show a 100% chance of no rate hikes OR cuts in December or January.
Prior to this week, odds of another rate hike were nearing 40%.
Meanwhile, interest rate cuts are now expected to begin in May 2024, up from June 2024.
There's also a…
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The Kobeissi Letter
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BREAKING: Interest rate futures now show a 100% chance of no rate hikes OR cuts in December or January.
Prior to this week, odds of another rate hike were nearing 40%.
Meanwhile, interest rate cuts are now expected to begin in May 2024, up from June 2024.
There's also a growing chance of rate cuts beginning in March 2024, at 28%.
Just last week, Fed Chair Powell said more tightening could be on the table.
Are markets "pivoting" too soon again?
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