When?
from Macro Minutes
The question on everyone’s mind is when central banks will start cutting rates. Over the past month, market pricing has progressively gravitated from a near certainty that the BoC and Fed would cut by June to now under a 50% chance. In the UK the pricing for a June cut is higher than a month ago but less than two weeks ago, while for the ECB the market has been resolute in pricing a June start date. Participants: Jason Daw (Desk Strategy), Head of North America Rates Strategy Blake Gwinn (Desk Strategy), Head of US Rates Strategy Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Lori Calvasina (Research),Head of U.S. Equity Strategy Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
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