Traders worldwide herald end to rate hikes after US bank run

The Reserve Bank of Australia, meanwhile, is already done hiking, according to pricing, after traders erased bets for two additional increases. Even in Europe, which kicked off its tightening cycle much later than peers, traders have wiped off around 80 basis points from terminal-rate wagers, and another half-point hike on Thursday — all but certain last week — is no longer guaranteed

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