Multi-Asset Strategy Daily

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The report highlights an unambiguously hawkish FOMC message that has shifted market expectations away from rate cuts. Meanwhile, regional updates cover European supply absorption and the UK labor market's cooling trend.

Key Takeaways

  • 1.The FOMC delivered a hawkish message, signaling a shift in policy focus back to price stability and reducing expectations for near-term rate cuts.
  • 2.Geopolitical developments between the US and Iran regarding the Strait of Hormuz have become more constructive for risk sentiment.

Table of Contents

  • USD
  • EUR
  • GBP
  • JPY

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Authors

Evelyne Gomez

Securities

10Y US Treasury

Themes

Hawkish Monetary PolicyGeopolitical StabilityLabor Market Cooling

Regions

North AmericaEuropeAsia PacificUnited StatesFranceSpain