📌 The first Fed rate cut is now expected in September ! (after CPI)

The probability of a PAUSE at the Fed meeting on May 1 is almost 100%.

▪️Market expectations ( #FED rate ):

- June 12: Pause.

- July 31: Pause.

- September 18: decrease by 25 bp. up to 5.00-5.25%.

- November 7: Pause.

- December 18: decrease by 25 bp. up to 4.75-5.00%.