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February 27, 2020 | The Fed Will Cut Rates on March 18
Mike 'Mish' Shedlock
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
December Rate Cut Probabilities
December Implied Rate Cuts Probabilities vs Current FF Rate
- At Least 2 Cuts: 96%
- At Least 3 Cuts: 77%
- At Least 4 Cuts: 40.6%
What’s Happening?
- Feb 19: Fed Minutes Highlight Coronavirus Concerns and Uncertainty 8 Times
- Feb 24: Bond Yields Crash and Gold Soars on Pandemic Threat
- Feb 25: CDC Admits Spread of Coronavirus in the US Appears Inevitable
- Feb 25: Lie of the Day: This is Not a Pandemic
- Feb 25: Nearly 50% Odds of “At Least” 3 Rate Cuts by December
- Feb 26: Trump says We are “Very, Very Ready for the Coronavirus, for Anything”
- Feb 27: Useless Act: California Monitors 8,400 People for Coronavirus; 33 Test Positive
- Feb 27: Containment Fails: Coronavirus Tweets of the Day
Rate cuts odds started rising before coronavirus threat materialized on news Largest Global Shipping Decline Since 2009.
Mike “Mish” Shedlock
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Mike 'Mish' Shedlock February 27th, 2020
Posted In: Mish Talk
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