"Former BOE Member Predicts Fed Will Cut Rates Before ECB"

Former Bank of England member DeAnne Julius predicts that the Federal Reserve will likely cut interest rates before the European Central Bank, citing the U.S. labor market's quick adjustments and dropping inflation. Market players are currently pricing in a 92.8% chance of an ECB rate cut in June, while the Fed's likelihood stands at 53.5%. The ECB is facing challenges in reaching a consensus due to varying inflation levels across Eurozone countries. Meanwhile, improvements in inflation in the Eurozone are supporting the downward trend in prices, with the latest figures showing a slowdown to 2.4% in March.