Nifty, Shifty, Grifty, Swift-y Fifty-50 By Michael Every of Rabobank Ahead of the Fed meeting, our US strategist Philip Marey has just put out an FOMC preview titled ‘Casino’ that acts as reminder that his ahead-of-the-market call of three Fed 25bps cuts this year starting in September still holds – but there is now a substantial risk of a 50bp move this week. The market has been pricing the Fed as close to a 50-50 red-black roulette wheel spin. Yet his title is even better: because those who use analysis to predict the game’s outcome get their hands broken with… — Continue at ZeroHedge News : Read More
