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On the eve of the U.S. presidential election, Fed funds futures are pricing in an 83.4% chance that the Federal Reserve will cut rates by 50 bps at the next FOMC meeting on Dec. 16. In a note to clients, economists at Capital Economics wrote that regardless of the outcome of the election, the next president...
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On the eve of the Oct 29 FOMC meeting, Fed funds futures are fully priced in for a minimum 50 bps rate cut but are also factoring in a 38% chance for a 75bp cut . The consensus among economists is less than certain. Of the 65 economists polled by Bloomberg, 37 are calling for a half-point cut, 16 are...
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Fed funds futures have priced in a 100% chance of a rate cut for the next FOMC meeting scheduled for October 29, as markets rallied today on a CNBC report that the U.S. government has come up with a plan to deal with the financial crisis in the U.S. Markets are now pricing in an 82% chance of a 25 bps...
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Fed funds futures are not an accurate measure of what the Treasury market is pricing in for the Federal Open Market Committee's rate decision, a strategist in New York says. Market participants are weighing what the FOMC will decide at 2:15 p.m. EDT. Fed fund futures show that a quarter-point rate...
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Fed funds futures are now expecting a 100% chance that the Federal Reserve will cut rates at the FOMC meeting today; the question remains, however, by how much. Markets are now factoring in a 76% chance of a 25 bps rate cut and a 24% chance of a 50 bps rate cut on a day that saw the U.S. consumer price...
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Fed funds futures are now pricing a 31.1% chance that the Federal Reserve will cut rates by 25 bps for the year end meeting scheduled for Dec. 16 amid a growing U.S. trade deficit and increasing continuing claims report released today. The U.S. monthly trade deficit grew more than expected in July, deteriorating...