Markets Bet on Fed Rate Cut—but Goldman, UBS and Others Don’t Agree

Wall Street strategists are skeptical the Federal Reserve will cut interest rates this summer.

Stocks and bond prices have jumped in recent weeks as investors have bet on the central bank lowering the federal-funds rate for the first time since the financial crisis. Federal-funds futures showed Monday an 85% chance of a July rate cut—up from 25% a month ago and around the highest odds yet this year, according to CME Group.

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Many firms tending towards surrender now find stalling until 2020 in the hope that rate hikes then will affect the election are opposed by those who think a payday now an a quick reversal would be more useful.

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And as we know, those guys are always right.

That's BECAUSE Wall St. DON'T want them cut!!!

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Source: CNBC - 🏆 12. / 72 Read more »