Markets are sure the Fed will cut in September, but the path from there is much murkier

Key Points

Friday’s booming rally turned into Monday’s reality check as investors weighed just how aggressive the Federal Reserve will be on lowering interest rates.
The implied probability for another cut in October was just 42%. That second cut is about fully priced in for December, but there’s just a 33% expectation for three total moves this year.
There are ongoing questions about the impact of Fed rates in the current climate.

Source

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