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But we saved everything 🙂.
Annmarie Hordern reports that traders have fully priced in a quarter-point interest rate hike by the Federal Reserve by December. The probability of a hike as soon as October is seen at around 60% according to her comments.
Prior to the latest data, market participants had expected the next move by policymakers to be a rate increase in March.
Earlier, Annmarie Hordern reported that ten officials, including Steve Witkoff and Kelly Loeffler, disclosed financial interests in Elon Musk’s rocket company and xAI after a merger. Separately, Governing Council member Gediminas Simkus said a second rate hike by the ECB was increasingly likely, according to Hordern’s previous coverage. These developments provide further context to shifting expectations around upcoming policy moves.