The FederalReserve decided to keep interest rates unchanged ... beginning in June, while the ECB is expected to implement four rate cuts by year-end. Euro weakens to 1.04 ahead of Powell ...
Money markets priced in an ECB deposit facility rate at 1.95% at the end of 2025 -- which implies three 25 bps cuts and a 20% chance of a fourth move by year-end -- from around 2.05% before data. The ...
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