The market is currently pricing in 30 basis points of Fed easing this year, with the November meeting estimated at around 80%. Of course, some tail risks are factored in later in the year, so I would say “expected” is close to no reductions at all.
Until August 2025, the price provides for just under three reductions.
I wouldn’t expect big changes in these numbers at the FOMC, but you never know.
cnbctv18-forexlive
