The Wall Street bank expects a final 25 basis point hike to now come in October, instead of September, as it predicted earlier.
Traders now price in a roughly 40% chance of a 25 bps move in September, down from a more than 50% chance they saw only on Tuesday.
They also scaled back bets on further hikes for the rest of the year but still see a just-under-60% chance of a 25 bps hike by December, which will put the ECB’s deposit rate at 4%.
Source: Economy - investing.com
