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yourhero111

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11/04/24

18:26

Post #: 73301851
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Originally posted by bas10: ↑

Fed likely to cut rates before ECB blinks, former BOE member says
PUBLISHED THU, APR 11 20241:11 AM EDT

KEY POINTS
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations.
Market players are currently pricing in a 92.8% chance that the ECB will cut rates in June from the historically high level of 4%, according to LSEG data.
The same database shows only a 53.5% chance of a cut by the Federal Reserve at their June meeting.
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations.
“I suspect that the Fed will be the first to really put a cut in,” DeAnne Julius, a founding member of the Monetary Policy Committee of the Bank of England, told CNBC on Tuesday.

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yea would be interested to see how much the President can interfere the fed's decision. Dont forget this is the election year.
ZIP Price at posting: $1.32 Sentiment: Hold Disclosure: Held
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