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Transcript
00:00now this was the first time in years that he said that interest rates might actually come down
00:05at the next fomc meeting and just to put that into perspective the market is already betting
00:11its money on that happening so i always like to use my favorite tool the cme fed watch tool which
00:17you can look at yourself and right now it shows that at their next meeting which will happen
00:22september 17th that there's a 75 chance that the lower interest rates by how much by a very small
00:30amount exactly 0.25 percent the odds will actually change over time depending on what the fed is
00:37signaling to us but that's not even the point the point is that the fed will start to what
00:42economists call pivot and go in the opposite direction of eventually bringing our interest
00:47rates lower and lower than where they are today
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