Odds Of Rate Increase Falls

Mike Paulenoff By

FYI-- The odds of a rate increase at tomorrow’s FOMC meeting fell. According to the CME FedWatch Tool from the CME Group, the market is now pricing a 93.1% chance of the Fed holding put tomorrow vs. a 79.1% chance yesterday. Headline inflation has declined every month since it peaked in June 2022, and has been cut in half (chart courtesy of Canaccord Genuity)

A pasted image

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!