The Federal Open Market Committee (FOMC) meets on March 19-20, and market expectations before the meeting are currently almost at 50% levels for a 25 basis point rate cut next June.
Some analysts also predict that the risks tend to tighten a bit next week, especially after two strong readings of inflation represented by the Consumer Price Index, as analysts are not convinced that the Fed will be ready to cut interest rates by the next June meeting.
This could be reflected in the likelihood that the Fed will move its average point for 2024 to only two interest rate cuts instead of three during 2024.
It is worth noting that the statement of the Bank of Japan will be on March 19, and the statement of the US Federal Reserve meeting will be on March 20.
