RATE CUTS LIKELY AFTER WARSH TAKES THE CHAIR $ZIL

The Fed is likely to hold rates steady for the next two FOMC meetings until June. $C98

Markets increasingly expect easing once Kevin Warsh formally becomes Chair in May. $CHESS

ZIL
ZIL
--
--
C98
C98
0.0328
+17.98%
CHESS
CHESS
0.00535
-26.91%

The FedWatch Tool now assigns a 46% chance of a 25bps cut at the June meeting, the first gathering under Warsh.

Warsh, Trump’s pick, has criticized high rates, but is still seen as credible and market-friendly.