๐ The Fed Pivot Is (Almost) Locked In! ๐๐ต
CME data says it loud and clear โ markets are betting BIG on a Fed rate cut this October! ๐โจ
According to the CME FedWatch Tool, thereโs now a 98.3% chance the Fed will cut rates by 25 bps at the Oct 29 FOMC meeting ๐๏ธ๐ธ
โก๏ธ Only a 1.7% chance of holding steady โ๏ธ
But waitโฆ the plot thickens ๐๐
By Dec 10, traders see a 93.4% probability of a total 50 bps cut ๐ช โ signaling the start of a full-blown easing cycle as inflation cools โ๏ธ and growth slows ๐๏ธ
Looks like the era of โhigher for longerโ โซ might finally be turning into โsofter and soonerโ ๐๐ง
If that plays outโฆ ๐
๐ฐ Liquidity returns
๐ต Dollar weakens
๐ Crypto could be gearing up for a major macro tailwind!
#CPIWatch ๐ #MarketPullback ๐ฅ #FedPivot ๐