Prior to this morning’s data, the subject of whether the U.S. Federal Reserve would cut its benchmark fed funds rate range at the bank’s next meeting was closed: There was zero percent chance that the range will remain at its current 5.25%-5.50%, according to CME FedWatch, which figures odds based on positions taken in short-term interest rate markets. In fact, the gauge showed a 52.5% chance of a 50 basis point rate cut versus 47.5% for a 25 basis point move.
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Stephen Alpher
https://www.coindesk.com/markets/2024/08/14/us-cpi-rose-02-in-july-matching-expectations/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-08-14 12:41:56
