Justin Joy
@paradigm8888
According to WSJ, the poor employment report forced the Fed to consider a hard landing, and Citi and JPMorgan currently expect the Fed to cut interest rates by 50 bps in September, 50 bpss in November, and 25 bps in December. CME shows a 78% probability of a 25bps cut in September and a 22% probability of a 50bps cut. JPMorgan expects the Fed to eventually cut its benchmark rate to around 3%, which means that the rate cuts will continue until the third quarter of 2025. x.com/NickTimiraos/s…
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