This is a screen grab taken from CME Fedwatch Tool today 06 June 2019.
Observations
- 74.2% probability for a stay decision coming FOMC meeting on 19 June 2019.
- Zero percent probability for a rate hike.
- 25.8% probability for a 25 point cut.
- Only 1.4% probability of interest rates staying at the current level by the last meeting of 2019.
- Probability of up to five cuts for total of 125 points by the last meeting of 2019.
CME Fedwatch Tool screencap taken 06 June 2019
Compare these readings with a screencap taken early this year on 07 January 2019.
No more Fed hikes, rising odds of rate cut in second half ’19?
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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