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From two cuts to a hike in five months… why Louis says the market is misreading this… the Bessent-Warsh playbook… how to be positioned before the pivot… how to catch a replay of yesterday’s event with Louis
At the start of the year, the CME Group’s FedWatch Tool showed traders pricing in two interest rate cuts for the year, with the first expected as early as April.
As I write on Thursday morning, expectations have shifted…
The FedWatch tool now shows a nearly 34% probability of a rate hike.
