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Investing.com – Expectations of the upcoming US Federal Reserve meeting have undergone significant changes after a batch of important US data was released in the past few days.
The markets were likely to raise two new interest rates in the upcoming meetings, influenced by the statements of the US Federal Reserve members after fixing interest rates in the previous meeting, as they indicated that there might be a need for two additional interest increases in this year’s meetings.
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At the same time, the market pricing of interest at the next meeting did not undergo any significant change, as the markets are still suggesting a new rate hike at the next meeting scheduled for the end of this month. Markets expect a 94.2% chance of a new rate hike at this month’s meeting, compared to a 5.8% chance of fixing it, according to the .
However, the markets are becoming increasingly dismissive of another rate hike in the post-July meeting despite the Fed’s comments on the need for two more rate hikes since the peg decision last month, with investors anticipating a 73% chance of a rate hike in the September meeting. They also expect rates to be fixed at 57.2% at the November meeting. and a 55.3% chance of stabilizing interest rates at the December meeting.
Also read:
Also read:
Interest forecast for this month’s meeting
Interest forecasts for the next September meeting
Interest forecasts for the upcoming November meeting
Interest forecasts for the upcoming December meeting
2023-07-07 13:44:00
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