The Kobeissi Letter|Mar 19, 2025 16:32
Rate cut expectations are DROPPING again:
Heading into this week, prediction markets saw a base case of 3 interest rate cuts in 2025.
Now, the base case is falling sharply with a median forecast of just 2.6 cuts, per @Kalshi.
Odds of a rate cut before June 2025 are now back below 20%.
All eyes are on the Fed today.
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