My how things change.

  • A month ago there was allegedly a 10%% chance of a rate cut tomorrow with an additional 22.3% chance of a 50 basis point cut.
  • Last week there was a 92.3% chance of a single cut.
  • Yesterday there was a 62.3% chance of a cut.
  • Today there is only a 47.3% chance of a cut.

Tomorrow we see.

Questions of the Day

  1. Rate Cut on the 18th?
  2. Did this sudden change amplify today's liquidity crisis?

RECOMMENDED ARTICLES

Rate Cut Question

Liquidity Crisis Question

For discussion, please see US Overnight Interest Rate Surges to 10%, Fed Injects Emergency $75 Billion.

Mike "Mish" Shedlock