Looking at Fed funds futures, traders have fully priced in a 25 bps rate cut for this week with just 4% odds of a 50 bps rate cut. By year-end, traders are pricing in ~69 bps of rate cuts for now.
The Fed decision is going to be the biggest item on the agenda, with it set to impact yields, risk sentiment, the dollar reaction, and broader market mood in the likes of gold especially.
Then, we'll have the BOE meeting decision on Thursday although the central bank is expected to keep the bank rate unchanged at 4.00%. And lastly, there will be the BOJ meeting decision on Friday in which Ueda & co. is expected to keep rates unchanged as well and maintain the status quo as they try to work an angle for the next rate hike.
This article was written by Justin Low at investinglive.com.Hence then, the article about welcome to fed week 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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