Interest rate derivatives traders expect the base rate to fall to about 2.75% by the end of next year.
2024-09-16 05:30:51
Interest rates derivatives traders present forecast next year benchmark interest rate 2.75desk3cryptocurrencydesktopCrypto News
Interest rate derivatives traders now expect the base rate to fall to about 2.75% by the end of next year, from about 5.25% currently. That equates to ten rate cuts of 25 basis points each, and the Fed will probably only do that in a recession. While few on Wall Street are predicting a recession anytime soon, most agree that the risk of a recession is higher now than it was a few months ago.
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