US rate hikes from hero to zero, up to 5 rate cuts

This is a screen grab taken from CME Fedwatch Tool today 06 June 2019.

Observations

  1. 74.2% probability for a stay decision coming FOMC meeting on 19 June 2019.
  2. Zero percent probability for a rate hike.
  3. 25.8% probability for a 25 point cut.
  4. Only 1.4% probability of interest rates staying at the current level by the last meeting of 2019.
  5. 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

CME Fedwatch Tool screencap taken 06 June 2019

 

Compare these readings with a screencap taken early this year on 07 January 2019.

CME Fedwatch Tool screencap taken 07 January 2019

No more Fed hikes, rising odds of rate cut in second half ’19?

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