December Rate Hike Odds Drop to 35.9%, Rate Cut Odds 2.6%: No Hike Until June 2018?
Yes, that’s a long shot, but cut odds were zero on Thursday, zero a week ago, and zero a month ago.
Moreover, rate hike odds which a week ago were over 53.2% are now down to 35.9%.
May 2018 Rate Hike Odds
No Hike Until June 2018?
Don’t assume stocks will retain an upward bias if the Fed does hold off, or even cuts.
Mike “Mish” Shedlock