Money market and liquidity

Global liquidity snapshot

US Federal reserve bank building
Key takeaways
1Q highlights

Central banks in the US, UK and EU held rates steady during the first quarter, acknowledging that inflation remained persistently high despite its downward trajectory.

Key areas to watch

We are closely monitoring global economic data releases, examining them for any weakness or strength that could push central banks to deviate from the market’s current pricing of short-term rates.

Investment implications

We expect continued interest rate volatility as the market prices a terminal federal funds rate amid resilience in the US economy.

Global Liquidity Snapshot offers a quarterly at-a-glance look at what’s happening in short-term liquidity markets around the world.

Access the current quarterly report here.