Implied probability of a rate cut in July is at over 90 percent, according to FT.
Luke Bartholomew, investment strategist at Aberdeen Standard Investments, said the latest jobs numbers were “good”, but a rate cut from the Fed in July was “inevitable”.
Do investors really believe a cut is coming in July? When the Fed doesn't cut markets will tank... Unless the Fed really is stupid enough to cut while the economy is doing great. And stocks are at ATHs. Why are we cutting again?
https://www.ft.com/content/885767f6-9f1e-11e9-9c06-a4640c9feebb
Submitted July 05, 2019 at 09:40PM by EcinEdud https://ift.tt/32d2wIH
