The US Fed will cut rates again in October 2019.

How did we reach our conclusion?  Please read our previous analysis to understand our methodology.

https://sg-stock.blogspot.com/2019/09/will-us-fed-reduce-its-interest-rates.html

Our analysis:

Iorr: 1.8% (falling), Max is 2% as set by the US FED.

Effr: 1.85% (falling)

Ioer: 1.8% (falling)

On RRP: 1.7% (falling), Min is 1.75% as set by the US FED.

The official US interest rates set by the FED range from 1.75% to 2% currently.

Effr: 1.85%
Ioer: 1.8%

The Effr-Ioer spread is widening compared to the previous spread in September which denotes a monetary tightening condition.

The On RRR (1.7%) has breached the minimum rate (1.75%) set by the US FED which is signalling some financial stress in the monetary system.  This breach is caused by FED's intervention in the repo market.  Any of the 4 rates must not trade outside of the range set by the US FED (1.75%-2%).

https://sg-stock.blogspot.com/2019/10/the-us-fed-will-start-to-purchase-60b-t.html

Therefore, we can conclude that the US FED will cut interest rates again in October 2019 to keep itself relevant since it cannot keep the rates within the set range.