As we are less than 24 hours away from the first Fed meeting of 2024, odds of rate cuts are pulling back.

Odds of a rate cut this week are down to 2% and odds of a rate cut in March are down to ~40%.

This is the lowest probability of a March rate cut since November 2023.… pic.twitter.com/YIij1RAhml

— The Kobeissi Letter (@KobeissiLetter) January 30, 2024