Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, while sticking to its hawkish tone due to a strong job market and elevated inflation.
Several economists say that it is a toss-up between a skip and a hike in the June meeting. Most banks expect the central bank to prepare markets for a hike in July.
Money markets are currently pricing in a more than 70% chance of a pause this month, with rate cut expectations pushed out to next year.Compiled by Broker Research team in Bengaluru
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