CHART OF THE DAY: Number of Rate Hikes Priced In

07/14/23 08:41AM EDT

Below is a chart and brief excerpt from today's Early Look written by Macro analyst Ryan Ricci. 

The two-year yield remains near the low end of the range. From a rate hike expectation front, that means the market is expecting one rate hike this year and three rate cuts thereafter by June 2024.

This is the opposite of expectations around the world. Expectations for June 2024 in the Eurozone are no rate cuts, UK no rate cuts, Switzerland no rate cuts, and New Zealand no rate cuts.

CHART OF THE DAY: Number of Rate Hikes Priced In - Early Look

© 2025 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.