The market is currently priced for 30 bps of Fed easing this year, with the November meeting priced at about 80%. Of course, there are tail risks priced in for later in the year so I’d peg ‘what’s expected’ at closer to no cuts at all.
Stretching out to August 2025, there are just shy of three cuts priced in.
I wouldn’t expect any big shifts in these numbers at the FOMC but you never know.
This article was written by Adam Button at www.forexlive.com.
Related Articles
Eurostoxx futures +0.2% in early European trading
German DAX futures +0.2%French CAC 40 futures +0.1%UK FTSE futures +0.4%This follows...
UK Retail Sales decline 0.7% on a monthly basis in October vs. -0.3% expected
The UK's Office for National Statistics (ONS) reported on Friday that Retail...
United Kingdom Retail Sales ex-Fuel (YoY) registered at 2%, below expectations (3.3%) in October
United Kingdom Retail Sales ex-Fuel (YoY) registered at 2%, below expectations (3.3%)...
Germany Gross Domestic Product w.d.a (YoY) dipped from previous 0.2% to 0.1% in 3Q
Germany Gross Domestic Product w.d.a (YoY) dipped from previous 0.2% to 0.1% in...
Leave a comment