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FOMC preview: 95% chance of a skip today, 60% chance of another hike in Jul
Yesterday’s cooling US consumer inflation data in May provided further solid ground for Fed to bypass tightening at today’s rate announcement. Fed funds futures now suggest a 95.4% probability of Fed maintaining status quo, holding rates steady at 5.00-5.25%. However, market sentiment leans towards the likelihood of another 25 bps to 5.25-5.50% in July, with […] The post FOMC preview: 95% chance of a skip today, 60% chance of another hike in Jul appeared first on Action Forex...
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Posted: Jun 14 2023, 03:18
Author Name: actionforex
Views: 081278