Via the Bank of America’s global fund manager survey for July
Most investors anticipate that the Federal Reserve will start cutting interest rates in September56% of responding investors expect a first Fed rate cut at the September 17/18 meeting87% anticipate a first cut in H2
I popped up this from FedWatch (CME) yesterday, the probability has risen further now, to 95.5%:
This article was written by Eamonn Sheridan at www.forexlive.com.