🏦📊 Market Now Sees 75Bps Of Additional Fed Rate Hikes By Sept.: Cable FX Macro
- Rosbel Durán
- Mar 10, 2023
- 1 min read
Pricing for Fed rate hikes has been pared on February Non Farm Payrolls data. While the headline came in stronger (as usual), the report was mixed as AHE and the unemployment rate showed an easing on the labour market tightness
The O/N index swaps market now sees circa 75 basis points of additional rate hikes delivered by September, the tenor had been pricing above 90 basis points heading into the February Non Farm Payrolls report
A move lower here is translated to a peak rate below 5.50%, the September tenor is now pricing a 5.33%.
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