---
title: Interest rate futures are now pricing in 8 Fed rate cuts over the next 12 months, the most since the 2008 Financial Crisis.
description: "Market expectations have sharply shifted over the last week toward more cuts in anticipation of economic weakness.\nOver the last 60 years, every time the market expected 200 basis points of rate cuts, a recession in the US followed within several months. Source: The Kobeissi Letter, Goldman Sachs"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Interest rate futures are now pricing in 8 Fed rate cuts over the next 12 months, the most since the 2008 Financial Crisis.](https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-64289519)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Aug 15, 2024, 2:39:07 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-64289519)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2024-08-15T14:39:07.425Z",
  "datePublished" : "2024-08-15T14:39:07Z",
  "headline" : "Interest rate futures are now pricing in 8 Fed rate cuts over the next 12 months, the most since the 2008 Financial Crisis.",
  "image" : {
    "@type" : "ImageObject",
    "height" : 624,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/1723649377213.jpg",
    "width" : 792
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/do-you-remember-hashtagmoderna-mrna-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1723-64289519",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```