The market sees more Fed rate cuts after the weak US GDP but it could be wrong

Rate cuts by year-end
- Fed: 100 bps (91% probability of no change at the upcoming meeting)
- ECB: 64 bps (86% probability of rate cut at the upcoming meeting)
- BoE: 96 bps (96% probability of rate cut at the upcoming meeting)
- BoC: 53 bp
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