DBS economist: markets price 34% chance of July Fed hike, investors cautious
Investors remain cautious ahead of upcoming FOMC decisions, with markets pricing a 34% probability of a rate increase in July, according to DBS Group Research.
DBS Group Research economist Eugene Leow notes that investors are cautious heading into the next FOMC meeting. Market pricing assigns a 34% chance to a July rate hike, according to the note.
The low probability highlights expectations that the Fed may hold off on tightening for now. Caution prevails as participants await further signals from policymakers.
Source: FXStreet Forex News