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After a hotter-than-expected inflation reading on Wednesday, markets have quickly moved to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. A bigger reduction could send stocks reeling.
As of Wednesday, investors were placing the probability of the Fed lowering rates by 50 basis points at its meeting next week at just 13%, down from the 44% chance seen a week prior, per the CME FedWatch Tool.
Some strate...
>>> Read more: What a bigger-than-expected Fed rate cut would mean for the stock market
As of Wednesday, investors were placing the probability of the Fed lowering rates by 50 basis points at its meeting next week at just 13%, down from the 44% chance seen a week prior, per the CME FedWatch Tool.
Some strate...
>>> Read more: What a bigger-than-expected Fed rate cut would mean for the stock market
