The Fed May Not Cut Until at Least September. That's Not Necessarily a Bad Thing for Stocks.

The Federal Reserve likely won’t cut interest rates until at least September, but that’s not a problem for stocks, according to 22V Research’s Dennis DeBusschere.

Heading into today’s interest-rate decision, which will be paired with the Fed's latest Summary of Economic Projections, traders see just a 14.5% chance that the central bank cuts interest rates through its July meeting, according to the CME FedWatch Tool.

That sets up a first cut in September, with the odds of one quarter-point cut at 54.9%, compared to the odds of a half-point in cuts at 8.3%.