COMMERZBANK--Inflation wherever you look
Yesterday, even without an explicit trigger, the US dollar rallied quite a bit, with EUR-USD
应用介绍
Yesterday, even without an explicit trigger, the US dollar rallied quite a bit, with EUR-USD
falling below 1.095 and USD-JPY targeting 150 again. At the same time, the market is now
pricing in just around 42 basis points (bp) of Fed rate cuts by the end of the year (almost
20bp less than a week ago), which would not even be equivalent to a 25bp cut at each
of the two remaining meetings. Looking further ahead, the market has priced out another
20bp, meaning that expectations for next September are now almost 40bp lower than
before the payrolls.
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