Forexlive: Markets price Fed rate cut down to 103 basis points
2024-08-14 12:49:22
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Adam Button, an analyst at financial website Forexlive, said the market was pricing in a Fed rate cut to 103 basis points from 106 basis points before the CPI data was released. This is a slightly hawkish reaction, indicating that the market has priced in more downside surprises. Still, the unrounded inflation figure is better than the headline number.
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