Rate cuts by year-end
Fed: 45 bps (97% probability of no change at the upcoming meeting) ECB: 24 bps (94% probability of no change at the upcoming meeting) BoE: 51 bps (77% probability of rate cut at the upcoming meeting) BoC: 16 bps (91% probability of no change at the upcoming meeting) RBA: 66 bps (88% probability of rate cut at the upcoming meeting)RBNZ: 33 bps (70% probability of rate cut at the upcoming meeting) SNB: 11 bps (85% probability of no change at the upcoming meeting)Rate hikes by year-end
We got a slightly more hawkish repricing for the Fed following the US CPI report, but after the US PPI data, the market went almost back to the same pricing we had before the inflation releases (47 bps).
The same thing happened with the BoE as the market leant more hawkish following the hot UK CPI figures and then firmed up around two rate cuts by year-end following the relatively soft UK employment data.
The most notable change was with the RBA following the weak Australian employment data today. The market is now sure that the central bank will cut by 25 bps at the upcoming meeting.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about how have interest rates expectations changed after the us inflation data 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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