Quote:
Originally Posted by Saratoga_Mike
There's a 50% chance of one rate range and 50% of another rate range (rough numbers). The end. Source: Bloomberg
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Correct. But there is not a 100% of a rate change. You can't simply add the probabilities. They are mutually exclusive events.
They can't both happen.
If you flip a coin, can it come up both heads and tails?