Market Sees Rate Cuts As a Sure Thing: Peter Mallouk

The Fed, which met met earlier this week, is expected to signal its direction on interest rates this afternoon. Interest-rate swaps show the market is anticipating a quarter-point rate cut at its September meeting, Bloomberg reported today.

In a separate post Tuesday, Mallouk noted that the U.S. economy has been expanding for 51 months. "With the exception of the two-month Covid collapse in 2020, we haven't seen an economic contraction since 2009," he said.