If the Fed is watching inflation and employment indicators, then there’s no need to cut rates. If they’re watching the stock market then there’s definitely no need to cut rates. So why is the market pricing in a 100% certainty of rate cut for July?
By the numbers: Best June for the Dow since 1938, S&P 500’s best first half in two decades
Fed’s Kaplan isn’t ready to cut interest rates: Fox Business Network – Reuters
Dallas Fed’s Kaplan says US economy is ‘more sluggish’ | Fox Business
UPDATE 2 -Fed’s Yellen: US economy still needs ultra-low rates – Reuters
ECB Seen Cutting Rates in September as Draghi Reloads Stimulus