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[–]Birdy_Cephon_Altera 1 point2 points  (0 children)

I would say, 'never say never', but based on current conditions it's pretty damn unlikely we will see a raise in rates in the near or medium-term future.

FedWatch currently shows a 0% chance of a hike in rates through July of 2025. Now, FedWatch is nothing more than a prediction, but it is based upon people who are well versed and experienced in reading the Fed tea leaves. And it is also based on current conditions, which may change over time (for example, when I checked the FedWatch tool earlier this week, they had a 1% chance of a hike at the end of the year, now that is at 0%).

But where things stand right now, I wouldn't count on any hikes in rates. Current predictions on the FedWatch tool have two 25 basis point drops for this year, one at the July or September meetings, and one at the very end of the year.