Thank you, Charles-Henry Monchau, CFA, CMT, CAIA, for sharing this timely update. The market's sharp recalibration from a 53% chance of a 50 bps cut to just 9% underscores how sensitive rate expectations are to incoming economic data. With a 91% probability now pricing in only a 25 bps cut, the focus will remain squarely on labor market dynamics and inflation prints heading into the November FOMC meeting - we'll see how this progresses
Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 200,000+ followers
👉 MARKETS ARE NOW PRICING IN JUST A 9% CHANCE OF 0.50% FED CUT IN NOVEMBER Markets are expecting a 0.25% rate reduction at the Fed's next meeting. This comes after better than expected headline job numbers. A week ago, the market was pricing in a 53% chance of a 0.50% cut. Source: Global Markets Investor