The CME 30-Day Fed Funds futures prices are currently predicting a 56% chance of a 25 basis point (bps) rate cut at the Sept 18 FOMC meeting vs a 44% chance of a 50 bps rate cut.

In my mind, it's a coin flip (50/50).

Regardless, I don't think we are going to see a massive and prolonged series of rate decreases... primarily because we are not heading into a major #recession, as many doom and gloomers suggest.

This is ongoing #normalization after the unprecedented events of 2020-22, not a typical (or major) #recession.

Invest accordingly.

Cheers.

If a person could have been magically transported through time from 1934 to 1945, I think the changed world would have been almost unrecognizable.

Similarly, I believe we would scarce believe the changes that are coming by 2035.

For worse and for better.

Buckle up.

good morning, stay humble and stack sats