This report provides a recap of recent FOMC and COPOM decisions alongside a preview of the upcoming BoE meeting. It highlights a hawkish tilt from the Fed, cautious expectations for the UK, and tactical FX trading strategies in G10 and EM.
Key Takeaways
- 1.The FOMC remains hawkish with potential for future hikes depending on inflation data, despite current base case projections to hold.
- 2.The BoE is expected to hold Bank Rate at the June 18 meeting given economic weakness and tighter financial conditions.
- 3.COPOM cut the Selic rate by 25bp to 14.25% in a move deemed dovish despite deteriorating inflation.
Table of Contents
- 1) FOMC Recap
- 2) UK ECON (MOBERLY) - BoE Preview
- 3) FX Trader Call Takeaways
- 4) COPOM Recap
- 5) GS Webcast Today @ 3:30 PM LDN – Iran: Markets Post Hormuz Reopening
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Authors
Adam Crook
Securities
Selic
Themes
Monetary Policy DivergenceInflationary PressuresGeopolitical Impact of Iran Strait Reopening
Regions
Asia PacificLatin AmericaMiddle EastUnited StatesUnited KingdomBrazil