What this positive macro data did, is bring down the probability of a 25 basis points rate cut from the US Federal Reserve further down. According to the CME FedWatch, that probability now stands at 61% from 68% on Tuesday.
What this positive macro data did, is bring down the probability of a 25 basis points rate cut from the US Federal Reserve further down. According to the CME FedWatch, that probability now stands at 61% from 68% on Tuesday.