Traders Brace for Shock-and-Awe Hikes From Major Central Banks
- Money markets show chance of half-point hikes from Fed, BOE
- European traders brace for quarter-point increases from ECB
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A dramatic week of central-bank meetings and economic data has changed the game for global rate-hike bets.
Not only are money-market traders boosting wagers on the number of increases by major central banks, but also the size of each potential move, reflecting the prospect that policy makers will front-load tightening cycles to combat inflation.