Lates News

Foreign exchange analyst Giuseppe Dellamotta stated that, given the focus of the market on the US-Iran negotiations and the widely perceived increase in inflation in March as being caused by the war, the market is likely to overlook today's data because everything depends on the outcome of the US-Iran negotiations. There is a significant divergence in forecasts for overall CPI, but forecasts for core CPI are more concentrated. The Federal Reserve is currently in a firm neutral position but has opened the door for further policy tightening in case inflation expectations begin to rise or if the war lasts longer than expected. The market expects there to be a 7 basis point easing space by the end of the year, meaning that there are no expectations for rate hikes or cuts in 2026.