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Posted by
Two Blokes Jun 9 -
Filed in
General
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#TwoBlokesTrading
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The prospect of the S&P 500 reaching 6,000 was closely linked to the expectation the Fed would continue cutting interest rates well into 2025, which didn't materialize as expected. The CME Group's FedWatch Tool projects the Fed will avoid cutting the Federal Funds Rate until the conclusion of its 17 September (2025-Q3) meeting, at which time, it will cut rates by a quarter percent to a target range of 4.00-4.25%.
