Fed Signals Potential Rate Cut in June
FOMC minutes reveal majority support for a 25bp cut. Markets repriced aggressively with June probability jumping to 82%.
FOMC minutes reveal ‘majority of participants’ see conditions warranting a 25bp cut by June meeting
Fed funds futures now price 82% probability of June cut, up from 64% yesterday
Governor Waller: ‘disinflation trend is convincing enough to begin normalization’