9/18/2024 ‘September 18th…. Game on!!!!’
Russell E. Towne | 9/18/2024 ‘September 18th…. Game on!!!!’
‘September 18th…. Game on!!!!’
‘Futures trading’ is suggesting a rate cut of 50-basis point on 9/18/2024, according to Charles Schwab 9/17/2024. The article goes on to say there’s a two out of three chance of a 50-basis point cut in rates, yet Schwab’s own analysis believes the rate cut is a coin flip at 47% for a 50-basis point cut.
In the ‘bigger picture,’ the market is pricing in, approximately, a 65% chance of a total of 125 basis point in cuts by the end of the year, reports the Investopedia 9/17/2024. So, a 25% cut on the 18th and two more 50-basis point cuts before the end of the year? We’ll, see???
The old story of a 50 Basis point cut will be indicating problems in the economy seems to be fading from the media. And, now we’re hearing that rate cuts of 25-basis points or 50-basis points is either… good or better??? Whaaa….
But, as they say,
that’s why they play the game.
September 18th…. Game on!!!!
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL