Welcome to Fed day ...Middle East

The market pricing has not shifted significantly after the US CPI report here. As things stand, traders are still pricing in the first rate cut by the Fed to be for May next year. And in totality, there is roughly 110 bps worth of rate cuts priced in for the whole of 2024 currently.That reaffirms that perhaps we are running at maximum capacity already in pricing in Fed dovishness. I mean, to suggest that we could see a rate cut as early as March next year would mean that the Fed is only left with two more meetings (today included) to pivot to such a stance.I reckon that remains a case of too fast, too soon. Not least with core annual inflation still sitting at 4% as seen yesterday.So, what e

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Last updated : 13 Dec 2023 clock 08:12 AM

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Welcome to Fed day ...Middle East

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