Previous to the FOMC and Powell press convention the CME’s FedWatch software had the likelihood of a June ’24 price reduce round 50% (a few tics both aspect relying on whenever you final checked.
That is jumped now to only shy of 70%.
It will rely on progress on inflation from right here into that June assembly. I believe the FOMC is making the identical mistake with its ‘transitory’ groupthink and ignoring the hazard of continued excessive inflation.
This text was written by Eamonn Sheridan at www.forexlive.com.
