🏦📊 Interest Rate Probabilities: USD Feb. OIS Implied Rate Trimmed After Fed
- Rosbel Durán
- Jun 21, 2022
- 1 min read
**As seen in Macro Walk report 06/18/2022, subscribe at cablefxm.co.uk/reports
In our relative pricing ranking, EUR is posting the most aggressive tightening, this is because the ECB is behind the curve and all other central banks (except the BoJ) have started acting
However, traders stepped up bets on ECB tightening this week. The OIS curve now sees 7 standard rate hikes for this year, and it is pricing 250bps of tightening by May 2023
For the Fed, pricing was pared back this week as we just heard from the FOMC. The OIS curve now implies 210bps of tightening by February 2023, down from 300 seen heading into the meeting
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