Excerpt from Crain’s New York Business quoting DataTrek Research:
…. “In fact, after Powell’s dovish words the odds of a 50-basis point jumped to 27% from 3%, according to DataTrek Research. But wait, there’s more: The market now reckons there’s a 71% chance of another a rate cut in September, too”….
Read the full article here on Crain’s NY!