Embed code copied!
12-Month Change in the Conference Board's Leading Economic Index
Implied Probabilities for Fed Funds Rate Changes
Source: LPL Research, Conference Board 08/22/19
Ned Davis Research Large Cap Growth/Value Equity Series Ratio
First Fed Rate Cut
Three Cuts or More
A rate cut is a 25 basis point (0.25%) reduction from the current upper bound fed funds rate of 2.25%.
RES-40551-0719 | For Public Use | Tracking #1-885627
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indexes are unmanaged and cannot be invested into directly.
Investing involves risk including loss of principal.
Economic forecasts may not develop as predicted.
All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
Past performance is no guarantee of future results.
Market implied rate hike expectations are calculated based on the pricing of various fed funds futures contracts.
This Research material was prepared by LPL Financial, LLC.
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates.
To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL is not an affiliate of and makes no representation with respect to such entity.
If your advisor is located at a bank or credit union, please note that the bank/credit union is not registered as a broker-dealer or investment advisor. Registered representatives of LPL may also be employees of the bank/credit union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, the bank/credit union. Securities and insurance offered through LPL or its affiliates are: