ECB policymaker Muller: A rate move at the April meeting cannot be ruled out

No hard evidence yet of second-round inflation effectsIt may be difficult to conclude by April meeting if a rate hike is neededLeaving things to the June meeting offers us more dataHowever, a rate move at the April meeting still cannot be ruled outAs things stand, traders are only pricing in a ~20% probability of a rate hike for… No hard evidence yet of second-round inflation effects It may be difficult to conclude by April meeting if a rate hike is needed Leaving things to the June meeting offers us more data However, a ra... No hard evidence yet of second-round inflation effects It may be difficult to conclude by April meeting if a rate hike is needed Leaving things to the June meeting offers us more data However, a rate move at the April meeting still cannot be ruled out As things stand, traders are only pricing in a ~20% probability of a rate hike for later this month. However, those odds jump up… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.