Rate Cut Odds Soar On Weak Data

A month ago, Fed Fund Futures implied a 72.9% chance of at least one hike. They now imply a 38.9% chance of at least one.

The Financial Times notes the Odds of Fed Rate Cut in 2019 Jump as Growth Outlook Dims.

January 3, 2019 vs December 3, 2018

(Click on image to enlarge)

The above chart is from CME Fedwatch with my anecdotes in blue.