🏦📊 Interest Rate Probabilities: Implied Rates Price In 4.0% FFTR

**As seen in Macro Walk report 09/09/2022, subscribe at cablefxm.co.uk/reports

• The overnight index swaps market stepped up hawkish bets on the Fed tightening path and now price in a 4.0% FFTR by March next year, last week the same tenor had seen an implied rate of 3.83%. Rate cut bets have been paired back, the July tenor now sits at 3.85%, up 15bps from earlier in the month

• We will be hearing from the BoE this week, the bank is priced in for a 50bps hike. As of last week, the BoE is the most aggressive in our tracking list, with money markets pricing additional 250bps of tightening by August 2023