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US Interest Rates Will Peak 5.25% In June, Swap Market Hints After Employment Report – Bloomberg

The peak in the US policy rate indicated by swap trading was temporarily assessed at 5.25% in June 2023. It reacted to the US employment data announced on the 4th by proving stronger than expected.

Market expectations for a rate hike strengthened after the Federal Open Market Committee (FOMC) decided to raise interest rates by 0.75 percentage points on Thursday. Federal Reserve Chairman Jerome Powell said he will not stop raising interest rates as soon as inflation remains high. The peak rate price was below 4% in September.

Original title:The Fed swap price peaks at 5.25% for the official rate in June 2023

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