Inflation Data Dampen Rate Cut Expectations
by AIB Treasury Economic Research Unit
- This week is set to be an important period for markets as three key central banks (Fed, BoJ, BoE) announce monetary policy decisions.
- In the US, market rate expectations have firmed recently, with US inflation data printing more strongly than expected.
- Against this backdrop, the most recent communication from Fed officials suggest they are in no hurry to cut rates.
- The latest inflation data and Fed rhetoric has led to a firming in US market rate expectations.
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