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A quick check on interest rate markets today shows an ongoing rise in expectations for more rate cuts. We’re beginning to build in a third cut now:
And the last few days of weak data flow have sent the odds of a cut next week to a 56% in the affirmative:
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I’m still undecided between this one or June.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.