12-Month Change in the Conference Board's Leading Economic Index
Implied Probabilities for Fed Funds Rate Changes
Ned Davis Research Large Cap Growth/Value Equity Series Ratio
First Fed Rate Cut
A rate cut is a 25 basis point (0.25%) reduction from the current upper bound fed funds rate of 2.25%.
Three Cuts or More
Source: LPL Research, Conference Board 08/22/19
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Market implied rate hike expectations are calculated based on the pricing of various fed funds futures contracts.