ANZ analysts suggest that the most talked about event in financial markets in recent months, the July FOMC meeting, is the key risk event in the week ahead.

Key Quotes

“With the market still pricing in a chance of a 50bp move, we think there is scope for disappointment. The US data pulse has been broadly positive since the June meeting and this obviously lifts the probability of Chair Powell taking a more cautious tone than the market is expecting.”

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