💵
Fed balance sheet shrinks by $33.1 billion in one week!▪️Goolsbee, Fed Chair:
- The vast majority of Fed chairs expect a significant interest rate cut in the next 18 months.
▪️Goldman Sachs:
- Today's Nonfarm Payrolls report makes a 50 bp cut in November less likely.
- We expect the Fed to cut the rate in 25 bp increments at the November and December meetings.
▪️JPMorgan and Bank of America:
- We expect the Fed to cut the rate by 25 bp in November. (previously = 50 bp)
📌 Market expectations (#FedRate):
- November 7: 25 bp cut. to 4.50-4.75% (probability already 96.2%) ❗️
- December 18: decrease by 25 bp to 4.25-4.50%.
- January 29, 2025: decrease by 25 bp to 4.00-4.25%.
- March 19, 2025: decrease by 25 bp to 3.75-4.00%.
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@Сryptoz ₿