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The Fed will cut rates in March, the market predicts [CNNMoney.com]
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US:NASDAQ Investor Relations: investor.apple.com
The Fed will cut rates in March, the market predicts New York (CNN Business) Central banks around the world are closely monitoring the novel coronavirus outbreak, and investors believe they will step in to keep the world's economies humming. Stocks have been selling off all week , even briefly fell into correction Thursday, as investors and economists grow increasingly concerned about the virus' impact on global supply chains and trade. That helped sent market expectations for interest rate cuts through the roof. The CME's FedWatch Tool shows a 100% chance that the US Federal Reserve will cut rates in March. The markets priced in an 11% chance of that a week ago. Although the market has priced in a 73% probability of a quarter percentage point at the Federal Reserve's next monetary policy meeting on March 18, it also believes there's a 27% of a half-point cut. But the Federal Reserve might not be as quick to jump on the monetary easing wagon as investors would l
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