I'd love to know who the morons are who run this CME department for predicting FOMC outcomes. It's simply outrageous now. Pretty sure they coordinate with the Fed, no other explanation for this nonsense. So let's recap, after a stronger than expected labor market, all of a sudden the odds for a rate cut go down from 25% to 5% at the next FOMC? WHY??!! These are complete frauds who run this at the CME. It's so insane that because the economy added 50k more jobs and the unemployment rate went down 2 ticks, now we can't have a rate cut any more at the next FOMC? What do these things even have to do with one another??!! THERE IS NO FUCKING INFLATION. CUT THE RATES. Had to get this off my chest. IMO this CME forecasting tool is prob in cahoots with the Fed and Powell because only clowns think like this. You are supposed to cut the overnight funding rate if the CPI is more than 100 BP below it. We are roughly 200 BP below it right now. That's how economists are supposed to look at this. And not, OMG the labor market is stronger than we thought, so it "might" mean people will have more jobs and spend more and inflation will go up so we have to keep rates higher for longer? What kind of reasoning is that even to keep rates so high? 🤬😠