FOMC tool - 40% NO-CUT Using the FOMC tool, we see a:
25 basis points rate-cut --> 58.8%
NO rate-cut --> 41.2%
To get these rates:
www.cmegroup.com
Tomorrow's volatility will surely grow, even if the FOMC cuts rates; with these percentages, we can expect J. Powell to suggest no more cuts in the future.
You can also expect Trump to fight this, hard.
**FOMC meeting to take place in 26 hours.
