**As seen in Interest Rate Probability Dashboard, subscribe at cablefxm.co.uk/reports
Our interest rate probability dashboard is showing markets pricing 53bps of rate cuts from the Fed by September, this would leave the benchmark policy rate at around 4.8%
Other developed market central banks are seen easing policy, however, the Fed is expected to be among the most aggressive in cutting interest rates next year
The degree to which swap traders price in the Fed has analysts warning against a possible disappointment as high inflation and resilient growth could delay Fed's easing
Diverging from the Fed, the RBA is seen delivering additional tightening next year, the AUD premium now stands at around 60bps to the dollar
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