📉 RATE CUT EXPECTATIONS FOR 2025 KEEP DROPPING According to Kalshi, market expectations for the number of Fed rate cuts in 2025 have dropped to just 2, down 0.2 recently. The chart shows a steady decline from a peak of over 4 earlier this year, reflecting growing uncertainty around the Fed's future moves. 👀 Eyes on the Fed Minutes Today Investors are now looking to the Fed's May meeting minutes, due out at 2 PM ET, for any clues on the central bank’s timeline. While economist Oliver Allen (Pantheon Macro) says there may not be major revelations, the minutes could offer insight into how long policymakers plan to wait before taking action. 🗣️ Recent Fed speeches show mixed views: John Williams (NY Fed): Potential for action by June or July Raphael Bostic (Atlanta Fed): Sees a 3–6 month wait https://kalshi.com/markets/kxratecutcount/number-of-rate-cuts