🏦📊 Interest Rate Probabilities

**As seen in Macro Walk report 06/10/2022, subscribe at cablefxm.co.uk/reports

• This week, we saw rate hiking bets increase across OIS curves, with the largest jump recorded in the EUR. The market is pricing in a cumulative 150bps of tightening by the ECB for this year, the target rate is seen at 1.0% by the end of 2022

• Heading into the Fed, markets now price 250bps of tightening vs 198bps preceding May inflation data, this means a 75bps hike is hidden in the calendar after June. Read our Fed preview in the Risk In The Week report here.