United States: Rate futures are now pricing in an 85% chance of another 50 basis point cut at this month’s FOMC meeting (3/18). The market expects the US central bank to take the benchmark rate below 0.6% by early next year.
Here is the recent history of emergency rate cuts by the Federal Reserve.
Eurozone: With the core CPI well below target, the ECB is likely to participate in the coordinated global easing.
The market is pricing in a 10 bps cut next week.
China: Equity outflows from China continue.
Also there was a vehicle inventories spike.
Commodities: Here are China’s steel inventories at traders and mills.
Equities: Investors redeemed nearly $29 billion in equity ETF assets while upping non-credit bond exposures over the last week of February, according to State Street.
Food for Thought: Cost-burdened renters:
Edited by Devon Lall
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