This report provides a daily morning update covering the upcoming FOMC and COPOM decisions, along with a recap of UK May CPI data. Analysts anticipate a hold from the Fed and a potential 25bp cut from the Brazilian Central Bank.
Key Takeaways
- 1.The FOMC is expected to keep the funds rate unchanged and remove forward guidance suggesting cuts.
- 2.UK CPI surprised to the downside in May at 2.85%, leading to expectations of a more dovish MPC vote split.
- 3.The BCB (Brazil) is expected to cut the Selic rate by 25bps to 14.25% despite challenging inflation fundamentals.
Table of Contents
- FX Trader Call Today
- FOMC Preview
- COPOM Preview
- UK CPI Recap
Document Preview
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Authors
Adam CrookGabriel Hollis
Securities
GBPUSDUSDJPY
Themes
Central Bank Policy NormalizationInflation Dynamics
Regions
GlobalLatin AmericaUnited StatesBrazilUK