FOMC June rate cut probability back up to around 70% ...Middle East

Prior to the FOMC and Powell press conference the CME's FedWatch tool had the probability of a June '24 rate cut around 50% (a couple of tics either side depending on when you last checked. That's jumped now to just shy of 70%. It'll depend on progress on inflation from here into that June meeting. I think the FOMC is making the same mistake with its 'transitory' groupthink and ignoring the danger of continued high inflation. This article was written by Eamonn Sheridan at www.forexlive.com.

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Last updated : 20 March 2024 clock 11:56 PM

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