Indosuez Wealth Management strategists Lucas Meric and portfolio manager Alexandre Baer said markets are pricing Fed and ECB rate paths more hawkishly than its base case, expecting steady growth and normalising inflation to limit further tightening. Money markets expect about 1.5 Fed hikes and two ECB hikes over 12 months.
Indosuez says market pricing of Fed and ECB rate paths may be too hawkish
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