#nonfarm-payrolls

#nonfarm-payrolls

Back in October of last year, 55% of traders in Fed Funds futures contracts assumed the U.S. Federal Reserve would deliver an interest rate cut this month, bringing the base rate down to the 3.25% level. Today, 90% of them think the Fed will hold rates at 3.5% when it meets in 19 days time. In other words, another cut from the Fed is off the table, as far as Wall Street is concerned.