What's priced in for the Federal Reserve ahead of the FOMC decision ...Middle East

The market is pricing in just a 1.2% chance of a cut today but that rises to 14.8% for the July 30 meeting.

For year end, there are 47 bps in easing priced in. That's flirted with two cuts or less for that past two weeks as economic data has rolled in.

These numbers are likely to shift of the Fed's dot plot but that's only temporary as

This article was written by Adam Button at www.forexlive.com.

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