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ECB hikes still on the boil, but Fed to pause in June (July hike possible) - divergence
Forecast comes via David Arnaud, senior fixed-income fund manager at Canada Life Asset Management.On the Federal Open Market Committee (FOMC):says an on hold decision in June is likelybut another hike in July is a possibility, subject to inflation data developmentsFed only has only a very narrow window to raise interest rates before U.S. recession risks emergeThe European Central Bank is likely to raise interest rates further, base case for the ECB’s peak deposit rate is 3.75%—compared with the...
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Posted: May 23 2023, 23:46
Author Name: forexlive
Views: 081482