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.