Could a summer rate cut be on it’s way? Believe it or not, June is over and July is already here. And it just might be the perfect time to lock in that rate.
In a recent article from HousingWire.com, it states that traders in futures markets have signaled a 22.5% probability of a rate cut at the FOMC‘s June 18-19 meeting and an 86% chance of a cut at or before its July 30-31 meeting, according to CME Group.
Economists polled by The Wall Street Journal gave a different picture: About 40% pegged the rate cut to come at the July gathering. About 30% said they expect the next move would be in September.