Why central banks are too powerful and have created our inflation crisis 
The yen plunges to 34-year low despite interest rate hike 
Why central banks should stop raising interest rates 
Inflation: raising interest rates was never the right medicine 
Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages 
After U.S. Federal Reserve policymakers hinted at looming rate cuts at yesterday’s meeting where the central tendency of the rate forecasts by FOMC participants declined by 50 basis points, the bond market is pricing 3 rate cuts in the next 9 months.
- The very next cut is now priced in July with 100 percent probability.
- The second rate cut is priced in December with 95.3 percent probability.
- The third rate cut is now priced in March 2020 with 83.2 percent probability.
While the market is pricing three rate cuts before the 2020 election in the United States, the Federal Reserve policymakers have forecasted two rate cuts.
