by Mike ‘Mish’ Shedlock
It’s now baked in the cake. The Fed will cut rates on March 18 and most likely at least twice more.
According to CME Fedwatch the odds of a rate cut in March jumped to 96.3% today from 8.9% a week ago.
Looking ahead to December, it’s highly likely at least two additional cuts are on the way.
December Rate Cut Probabilities