Previous close | 157.00 |
Open | 157.00 |
Bid | 158.40 |
Ask | 164.00 |
Strike | 155.00 |
Expiry date | 2025-12-19 |
Day's range | 157.00 - 157.00 |
Contract range | N/A |
Volume | |
Open interest | 1 |
Fed officials said at their last policy meeting that rates would likely stay higher for longer if inflation readings continued to disappoint, while some policymakers discussed their willingness to raise rates if needed.
Goldman Sachs CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates this year. "I'm still at zero cuts," Solomon said at a Boston College event. "I think we're set up for stickier inflation."
Goldman said the British central bank will start reducing interest rates from August, dropping its earlier forecast of cuts beginning in June. The consumer price index (CPI) rose by 2.3% in the 12 months to April, down sharply from March's 3.2% increase and its lowest since July 2021, the UK's Office for National Statistics said on Wednesday. But the BoE and economists polled by Reuters had forecast a bigger drop to 2.1%, just above the central bank's 2% target, after a big cut to household energy tariffs in April.