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== CPI expectations == | == CPI expectations == | ||
Some developments during the month: (more details: <nowiki>https://investmentwiki.mywikis.eu/wiki/Consumer_Price_Index</nowiki>) | Some developments during the month: (more details: <nowiki>https://investmentwiki.mywikis.eu/wiki/Consumer_Price_Index</nowiki>) | ||
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<nowiki>*</nowiki> Housing prices continue to decline m/m, but this will only be reflected later in the year. | <nowiki>*</nowiki> Housing prices continue to decline m/m, but this will only be reflected later in the year. | ||
Due to the Banking situation unfolding recently, market is now pricing 75% of 25 bps and 25% of no hikes in | Due to the Banking situation unfolding recently, market is now pricing 75% of 25 bps and 25% of no hikes in nextthe meeting, a terminal rate of 4.75%, and rate cuts around September.<ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | ||
''Range:'' | ''Range:'' |