Zentner also believes that by the time the February report is released, the number of new jobs must fall below 50,000, consistent with continued low inflation data, before the Fed will cut interest rates in March. "Even so, the slowdown in employment must be a trend, not just one or two data points." According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in the 5.25%-5.50% range in February is 87.1%, and the probability of a 25 basis point rate cut is 12.9%. The probability of keeping interest rates unchanged by March 2024 is 20.9%, the probability of a cumulative 25 basis point rate cut is 69.3%, and the probability of a cumulative 50 basis point rate cut is 9.8%.#VeteranIBSuccessStory#VeteranIBSuccessStory
Zentner also believes that by the time the February report is released, the number of new jobs must fall below 50,000, consistent with continued low inflation data, before the Fed will cut interest rates in March. "Even so, the slowdown in employment must be a trend, not just one or two data points." According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in the 5.25%-5.50% range in February is 87.1%, and the probability of a 25 basis point rate cut is 12.9%. The probability of keeping interest rates unchanged by March 2024 is 20.9%, the probability of a cumulative 25 basis point rate cut is 69.3%, and the probability of a cumulative 50 basis point rate cut is 9.8%.#VeteranIBSuccessStory#VeteranIBSuccessStory