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Don’t Be So Sure the Fed Is Cutting Rates
A 98% chance of an interest-rate reduction by year-end? That seems high.
12 Jun 2019, 07:41 AM IST
(Bloomberg Businessweek) -- Chief economists at two Wall Street houses are questioning the conventional wisdom that the Federal Reserve is about to start cutting short-term interest rates to sustain the economic expansion. They make a good case that traders may have gotten ahead of themselves.Deutsche Bank Chief Economist Torsten Slok and his team created this chart, which is appropriately headlined, “The market is almost always wron...
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