by Mish

Yes, that’s a long shot, but cut odds were zero on Thursday, zero a week ago, and zero a month ago.

Moreover, rate hike odds which a week ago were over 53.2% are now down to 35.9%.

May 2018 Rate Hike Odds

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Don’t assume stocks will retain an upward bias if the Fed does hold off, or even cuts.

Mike “Mish” Shedlock