FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Indonesia Central Bank to Draft New Regulations After Expanded Economic Growth Mandate 
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Taiwan Central Bank Likely to Keep Interest Rates Unchanged Through 2027 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
After U.S. Federal Reserve policymakers hinted at looming rate cuts at yesterday’s meeting where the central tendency of the rate forecasts by FOMC participants declined by 50 basis points, the bond market is pricing 3 rate cuts in the next 9 months.
- The very next cut is now priced in July with 100 percent probability.
- The second rate cut is priced in December with 95.3 percent probability.
- The third rate cut is now priced in March 2020 with 83.2 percent probability.
While the market is pricing three rate cuts before the 2020 election in the United States, the Federal Reserve policymakers have forecasted two rate cuts.
