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The United States: Market expectations for the pace of rate cuts over the next 12 months suggest a recessionary outlook.
The Eurozone: The 1-day EUR/USD risk reversal hit the highest level since the 2020 COVID shock ahead of the FOMC decision.
China: Goldman has downgraded its 2024 growth forecast for China, with the country now expected to miss its GDP growth target for this year.
Commodities: Gold remains decoupled from real rates amid extensive central bank buying.
Equities: The market is pricing in higher volatility for this FOMC day than at any point since March of last year.
Global Developments: Real yields across major economies have lost significant momentum.
Food for Thought: Percentage of US adults facing challenges with household expenses by state:
Edited by William Villacis
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