Fed rate hike odds have turned to become a coin flip now

13/03/2023 | 09:38 GMT

Market-implied probability shows less than a 50% chance of the Fed hiking by 25 bps next week

For some context, this was roughly 85% at the start of the day and in the middle of last week, it was almost a done deal in some sense for a 50 bps move - especially after Powell's hawkish remarks at the time.

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