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After strong US data on Thursday the probability of an FOMC July rate hike is nearly 90%

After strong US data on Thursday the probability of an FOMC July rate hike is nearly 90%
More strong US economic data this week, with Thursday bringing an unexpectedly strong revision:Forexlive Americas FX news wrap: The strong US data continuesThe current Fed Funds target rate is 5 - 5.25%, though probably not for much longer according to the CME FedWatch Tool. 30-Day Fed Funds futures pricing data implies, with a near 90% probability, a move up to 5.25-5.5%: This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Jun 29 2023, 22:25
Author Name: forexlive
Views: 081061

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