Traders move to price in five Fed rate cuts for the year now

The Fed is only meeting six more times this year and traders are pricing in five 25 bps rate cuts by year-end now. Rising fears of a recession in the US is exacerbating the pricing in the past week. For some context, traders were only pricing in ~76 bps of rate cuts for the year before Trump’s tariffs announcement.

This article was written by Justin Low at www.forexlive.com.