Below the Quote on Market from Amit Golia, Group CEO, MarketsMojo - 19th Sept 2024
"Earlier in the month, market predictions showed a 35% chance of a 50bps rate cut, compared to a 65% likelihood of a smaller 25bps reduction. However, weaker-than-expected US jobs data suggesting slower pace of hiring, and a lower inflation report for August 2024, signaled a more significant economic slowdown than anticipated. These developments shifted expectations, with the probabi...
Quote on Market from Amit Golia, Group CEO, MarketsMojo - 19th Sept 2024