Rate cuts by year-end
Fed: 70 bps (91% probability of rate cut at the upcoming meeting; the rest for a 50 bps cut) ECB: 8 bps (99% probability of no change at the upcoming meeting) BoE: 12 bps (98% probability of no change at the upcoming meeting) BoC: 42 bps (89% probability of rate cut at the upcoming meeting) RBA: 30 bps (81% probability of no change at the upcoming meeting)RBNZ: 38 bps (91% probability of rate cut at the upcoming meeting) SNB: 7 bps (91% probability of no change at the upcoming meeting)BoJ: 12 bps (97% probability of no change at the upcoming meeting)
The biggest changes in interest rates expectations happened on Friday as we got the US and Canadian jobs data. Both were softer than expected although the Canadian one was worse.
That might depend on the US CPI report on Thursday though. Soft data could give the Fed more conviction to start with a 50 bps cut and then see how things evolve in the next months.
This article was written by Giuseppe Dellamotta at investinglive.com.Hence then, the article about how have interest rates expectations changed after the nfp report was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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