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Monday, June 17, 2019

Market Comment | Markets wait for FOMC meeting

Markets are broadly steady. Market-implied probability of a Fed interest rate cut in July 2019 remains above 80%.

Key points

  • Key points:
  • Market’s expect the Fed to eas interest rate in July.
  • ECB officials showed the dovish tone.
  • The US manufacturing data drop sharply in June.

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