Fed funds futures now price in a certainty of a September cut

Author: Adam Button | Category: Central Banks

So much for one-and-done

Fed fund futures now show a 100% chance of a rate cut at the September 18 meeting. That includes a 5% chance of a 50 basis point cut.

After the cut on Wednesday, the odds of a September cut fell as low as 58% but that's shot higher on Trump's tariff announcement.

Looking to year end, the implied odds of at least 50 basis points of cuts are 79%.
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