Crypto World
March Rate-Cut Odds Fade
The hot January jobs report had traders rethinking bets on multiple interest-rate cuts before July.
Odds of a quarter-point cut at the Federal Reserve’s March policy meeting fell to 6% from 20.1% prior to the report.
Through the June meeting, odds of no cuts surged to 40.4% from 24.8%. Odds of a single quarter-point cut were at 49.4% from 49%, while odds of a half point in cuts or more fell to 10.2% from 26.2%.