The big focus is on the Fed. Any moves in the dot, especially in 2024 will have a significant impact on markets, FX. Economists at OCBC Bank considere
. Any moves in the dot, especially in 2024 will have a significant impact on markets, FX. Economists at OCBC Bank considered three potential scenarios with regard to 2024.A scenario of no-change to dot plot will come as a relief to risk assets. USD may ease as markets have already unwound their prior dovish bets to be aligned with the Fed’s Jun dot plot.A more hawkish dot plot would lead to hawkish re-pricing. Yields can run higher, and USD can continue to trade higher.
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