Here is a great chart snapshot from BMO showing how Fed pricing has changed in the past year. Most of 2023 involved the market buying into the idea of higher-for-longer Fed funds but since October 18, there has been a fresh attempt to price in rate cuts, despite ongoing hawkish Fed rhetoric. That came after
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Share: European Central Bank (ECB) Vice President Luis de Guindos said on Monday that the macroeconomic environment is subject to “enormous uncertainty,” especially after the latest Israel-Gaza conflict, per Reuters. De Guindos said that he was expecting inflation to continue to decline in coming months but urged for caution, citing “evolution of oil prices,