Fed rate cuts would aim to put a floor beneath the stock market, boost investor morale and lower borrowing costs for nervous businesses and households. Lenders could suffer because rate cuts would hurt their ability to make money on loans. "If the Fed cuts rates, it's great for the economy and companies. There's a 98% chance that the Fed cuts interest rates at least once before the end of the year, according to the CME Group's FedWatch Tool. There's a 51% chance that the Fed cuts rates at least three times before the end of the year.

Source: CNN June 06, 2019 19:18 UTC