Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe, Japan and the United States this week, along with U.S. inflation data that will likely influence the Federal Reserve’s monetary policy path. | Reuters
Markets are pricing for a 71- percent probability the U.S. central bank will stand pat when it meets on June 13-14, according to CME FedWatch tool.
Citi expects a 25 basis point hike from the Fed. “The most straightforward action to take when acknowledging rates should be higher is to raise rates.” “It is unlikely that Lagarde will give any hint that they are ready to pause after July, which is what the market is currently pricing,” said Kumar, who expects the ECB to hike interest rates by 25 basis points.
The yen eased 0.01 percent to 139.39 per dollar ahead of the Bank of Japan’s policy meeting on Friday.
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