Traders no longer fully price in a Fed rate hike occurring before the end of 2026.
Bloomberg10/23, 12:03 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD
Pushes down
DaysMedium confidence
Fading hike odds reduce the relative yield appeal of USD assets
US10Y
Pushes down
DaysMedium confidence
Lower expected policy rate path tends to pull Treasury yields down
What could change this
If Core PCE and GDP data due 2026-10-29 come in hot, hike pricing could return.
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