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Investors assign 60% chance for a June rate cut by the BoE UK CPI data to reveal whether inflation hit the BoE’s target But PMIs imply some upside risks The data is scheduled for Wednesday at 06:00 GMT BoE appears more dovish than expected While a few weeks ago investors were convinced that the European […]

The post Will UK Inflation Corroborate a June BoE Rate Cut? appeared first on Action Forex.

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05/06/2024

Could Stronger US Data Force a Fed Rate Cut?

Markets crave weaker US data to support their rate cut expectations Strong data this week could cause an acute market reaction The Fed might find it easier to act if financial stability is under threat The key question in the market participants’ minds is when the Fed is going to start easing its monetary policy […]
11/04/2024

ECB Meets Today But the Decision Itself (Status Quo) Won’t Be Surprising

Markets Above-consensus CPI, driven by low 2023 base effects and far more important by (very) strong current price dynamics, sent shockwaves through the bond market yesterday. Ongoing economic resilience and a more than healthy labour market combined with sticky price pressures (January and February were NOT a blip) raise serious questions to the Fed’s ability […]
03/03/2024

European Central Bank Gravitating Toward A Mid-Year Rate Cut

Summary The Eurozone economy faced a particularly challenging period during the second half of 2023, with the region only narrowly avoiding a technical recession. Given the challenging growth environment, the European Central Bank (ECB) ended its tightening cycle with a final 25 bps rate hike in September last year and has, since early 2024, indicated […]