Today’s focus… XAU, XBT, how low can rates go, and much more
It strikes me that the fed funds futures market is not really pricing in 125bps of cuts next year, but rather a 60% probability of maybe 25bps or 50bps and a 40% probability of 250bps, or something like that.
It strikes me that the fed funds futures market is not really pricing in 125bps of cuts next year, but rather a 60% probability of maybe 25bps or 50bps and a 40% probability of 250bps, or something like that.