🏦🔺Odds Of A 75Bps Fed Hike In Nov. Come Down: Cable FX Macro

• Heading into September FOMC meeting, a 75bps rate hike is fully priced in, according to data compiled by Bloomberg

• However, we have seen the November meeting odds of the Fed keeping this pace rising since the August inflation reading

• Odds of a Fed 75bps rate hike end up Tuesday session at around 73%, 10pp lower than where the index read at NA session open