Is the Federal Reserve Caught Between a Rock and a Hard Place?

New York (July 27)  As of yesterday evening the countdown to the FOMC meeting is four days, 21 hours, 56 minutes and 24 seconds away, this according to the countdown clock on the CME’s FedWatch tool. This tool is also predicting that there is an 80.6% probability that the Fed will announce and implement ¼% rate cut, and a 19.4% probability that they will cut their Interbank Fed funds rates by ½%.

In other words, they are predicting that there is a 100% probability that the Fed will announce a rate cut. Therefore, the most important questions that need clarification is first; how deep will the cut be, and second; will they clarify how many rate cuts they intend to implement throughout the remainder of the year.

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