The Risk of a Rate Cut by July in the Euro Dollar Market

A lot of people believe the Fed, Jay Powell has said all these policymakers are fed not just the Fed the ECB too. There is a material risk that the Fed is just going to stick its head in the sand and keep short term rates as high as they are until it becomes absolutely unThey can no longer hold it to that policy to begin with. The probability is that maybe the euro dollar market is underestimating the speed and size of cuts when they happen.