Daily news

InsingerGilissen, 19 JUL 2019

Currently the Fed Fund Effective Rate stands at 2.41%. The August Fed Fund Future contract is traded at an implied yield of 2.04%. Very simply put, with a difference of 37bps, the markets expect the Fed to cut by at least 25bps this month and a growing number of market pundits even expect 50bps. Hopes for a 50bp rate cut have built on the back of some Fed members making dovish comments.