Harvestor at work by Aleksandr Rybalko via Shutterstock

Trading Levels for FOMC Day and Beans Outlook

Ilan Levy-Mayer Cannon Trading Tue Dec 17, 2024
Harvestor at work by Aleksandr Rybalko via Shutterstock

FOMC Tomorrow!

Fed Funds FOMC Rate decision @ 1P.M. Central with 1:30 PM Presser with J. Powell to follow. 

Consensus Outlook: 

The US Federal Reserve will announce their FOMC policy statement Wednesday afternoon around 1:00 pm CT. Many economists expect the FOMC to lower the key Fed Funds rate by 25 basis points, to a range between 4.25% to 4.50%. However, after Tuesday's strong November US retail sales data showed underlying economic momentum, pundits are wondering if the Fed may signal a cautious, slowing pace of interest rate cuts in 2025.

Trading Levels for the Major US Futures for Tomorrow:

Beans outlook:

Ilan Levy-Mayer, M.B.A

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