Citigroup now sees 100 basis points of cuts this year from July. That is much more than the 45 or so basis points forecast by the market. The Fed’s last dot plot had 3 cuts, but subsequently, Fed officials came more in the 1 to 2 cut range.
This article was written by Greg Michalowski at www.forexlive.com.
Source link
It’s a packed data agenda ahead. RBNZ Governor Orr kicks it off: to speak about the May Monetary Policy Statement…
Reuters with the info, and the worrisome headline: China hedge funds brace for upheaval from tough new rules In brief:…
The S&P 500 touched a fresh all-time high today at 5523 (and counting). That marks the 32nd day with the…