Rate cut expectations get a hair cut. | MarketTalk: What’s up today? | Swissquote
Investors continue to come back to their senses and the latter involves trimming the interest rate cut expectations that went ahead of themselves over the past few months. Yesterday, the Federal Reserve’s (Fed) Beige Book survey suggested that resilient consumer spending during the holiday season helped propel the US economy, and another solid rise in the US retail sales confirmed that spending in the US didn’t slow by the end of last year. The probability of a March cut fell to around 60% from around 80% at the start of the year,
The market and the central bankers have started...