Probabilities have rarely ever been this high. This is why.

Eurodollar University · Apr 10, 2023 · 19m

Markets are pricing an imminent and sharp drop for interest rates. It's not just about the Fed and rate cuts. But with regard to those, history shows the so-called reaction function flips decidedly when these things happen.

Eurodollar University's Money & Macro Analysis

Federal Open Market Committee Conference Call

June 5, 1989

https://www.federalreserve.gov/monetarypolicy/files/FOMC19890605confcall.pdf

Meeting of the Federal Open Market Committee

July 5-6, 1989

https://www.federalreserve.gov/monetarypolicy/files/FOMC19890706meeting.pdf

Federal Open Market Committee Conference Call

July 26…