Summary
One week ago, fed funds futures are predicting 3 hikes by June 2019 and done.
By close of today, FF futures are predicting one more by march 2020.
As Trump's America First policy is bringing back hundreds of billions of dollars and unveiling massive infrastructure plan in the near future, FF futures are pricing in more robust growth, more inflation, and more normalization from the fed.
More hikes are possible if the recent trend in FF futures is extended.
