The CME 30-Day Fed Funds futures prices are currently predicting a 56% chance of a 25 basis point (bps) rate cut at the Sept 18 FOMC meeting vs a 44% chance of a 50 bps rate cut.

In my mind, it's a coin flip (50/50).

Regardless, I don't think we are going to see a massive and prolonged series of rate decreases... primarily because we are not heading into a major #recession, as many doom and gloomers suggest.

This is ongoing #normalization after the unprecedented events of 2020-22, not a typical (or major) #recession.

Invest accordingly.

Cheers.

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