Actionable insights straight to your inbox

Equities logo

Rate Cuts More Likely Than Hikes in 2019

The market has now totally priced out rate hikes for the December 11, 2019 FOMC meeting.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific. I am also a contributing "professor" on Minyanville, a community site focused on economic and financial education.
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific. I am also a contributing "professor" on Minyanville, a community site focused on economic and financial education.

The market has now totally priced out rate hikes for the December 11, 2019 FOMC meeting.

The rate probability curve for December 11, 2019 now slightly favors rate cuts over hikes according to CME Fedwatch Odds.

There is a 13.4% chance of at least one cut vs. a 4.6% chance of at least one hike as of this snapshot taken today

Mike “Mish” Shedlock

This article was originally published at Mish Talk.

I’ve long said we are under-utilizing nuclear energy. This shouldn’t be controversial; nuclear has something for everyone.