Hawkish rhetoric from Federal Reserve officials and a rebound in the stock market has driven down market expectations for additional Fed rate cuts
On Friday, U.S. short-term interest rate futures, which measure sentiment toward Fed policy, eliminated the implied chance for a half-point rate cut at the April 29-30 Federal Open Market Committee meeting.
The market, which had fully priced a quarter-point cut for the past month, by midday Friday showed only an 82% chance that the FOMC will cut rates at all this month.
That lead to our Fast Money Reader Poll. Do you think the Fed should cut rates further?
> Speculation Growing Fed May Be Done Cutting Rates
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