**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.
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