Trade interest for "no rate cuts in 2024" has skyrocketed:
Since January 1st, trade interest for no cuts in 2024 has risen by a whopping 140%, according to Zerohedge.
As we kicked off 2024, markets were beginning to price-in a case with EIGHT rate cuts in 2024.
Rate cut expectations have moved in a straight line lower since then with less than 3 cuts now expected this year.
It's unlikely we see any rate cuts before June 2024 at this point.
Talk about a turn of events.
As we kicked off 2024, markets were beginning to price-in a case with EIGHT rate cuts in 2024.
Rate cut expectations have moved in a straight line lower since then with less than 3 cuts now expected this year.
It's unlikely we see any rate cuts before June 2024 at this point.
Talk about a turn of events.
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