Markets Consolidate Ahead of the FOMC as Risk-Off Bias Remains
Fundamental Overview Markets are entering a wait-and-see phase ahead of Wednesday’s FOMC decision, with an 88–90% probability of a Federal Reserve rate hike to 3.75–4.00% currently priced in. UK labour data showed a considerable increase in claimants, although the unemployment rate performed slightly better than expected. Attention now turns to UK inflation on Wednesday, with…