The financial markets continue to fight the Fed.
Despite the Federal Open Market Committee (FOMC) promising “future increases” and Federal Reserve Chair Jerome Powell vowing to keep raising interest rates until inflation has been vanquished, investors are anticipating a pause soon and then a pivot by the fall.
Here is a look at the market planning for a rate cut in September, according to the CME FedWatch Tool:
Do you know what that means? Buy all the things on the stock market! It helps explain why the Nasdaq Composite Index has rallied seven percent so far this year.
No bull.
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