Chief Economist of BNP Paribas: The possibility of the Federal Reserve raising interest rates in July is reduced

Isabel Matos y Lago, Chief Economist of BNP Paribas, stated that if the non farm payroll in July approaches or exceeds 130000, the Federal Reserve's July meeting will be full of suspense, but the reason for raising interest rates remains valid. The short-term interest rate futures market expects the possibility of the Federal Reserve raising interest rates on July 29th to drop to 20%. The market expects a 25 basis point rate hike this year, which could be implemented as early as December. For the European Central Bank, Isabel Mateos Igor believes that a rate hike in September is still a basic expectation, but members of the management committee have not ruled out the possibility of not raising interest rates and warned that inflation in the eurozone may accelerate again.