Fed funds futures are pricing in a 68% chance for a 75 bps rate cut by year-end following higher-than-expected U.S. jobless claims and a weak factory orders report. The implied probability for a 75bps rate cut has increased steadily from no chance a month ago to 52% one day ago. However, markets still...
Fed fund futures are pricing in a 40% chance of a 75bp rate cut by the year end, following negative U.S. housing data and the U.S. Government's announcement that it will pump $800 billion to revive mortgage and consumer credit markets. However, markets still remain fully priced in for a minimum 50bps...
Fed funds futures are pricing in an 80% chance that the Federal Reserve will slash rates by 50 bps by Dec. 16 following the U.S. Treasury's announcement that it will revise its loan agreement with U.S. insurance company AIG. However, the implied probability for a minimum 25bp rate cut remains fully...
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...
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...
As the U.S. Congress voted to reject the bailout legislation, Fed Funds Futures are pricing in a 66% chance of a 50bp rate cut and 34% of a 75bp cut for the next Federal Reserve meeting scheduled for Oct. 29. In a stunning turn of events that sparked a landslide sell-off in equity markets, the U.S. House...
As Republicans and Democrats battle over details of the bailout package, Fed funds futures are pricing in a 68% chance of a 25 bps cut and a 32% chance of a 50 bps cut for the next Federal Reserve meeting scheduled for October 29. Led by Roy Blunt, House Republicans have agreed to return to the negotiating...
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...
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...
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...