US next rate rise is July 26/27 - so probably meeting on 26 and announcement on 27th.
At this stage, based on expectation, more than 80% analysts predict that it will be 0.75%. So I feel a lot has been factored in by market.
The market may react in a big way, only if its not according to expectation - both lower and higher.
But there is still a lot of time for that. CPI figures on July 13th and other data may already give an indication where it is going. Also Fed does not like surprises, so like last month there may be a leak beforehand.
US next rate rise is July 26/27 - so probably meeting on 26 and...
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