Traders increase easing expectations for all central banks amid the global growth fears

Rate cuts by year-end
- Fed: 80 bps (76% probability of no change at the upcoming meeting)
- ECB: 64 bps (92% probability of rate cut at the upcoming meeting)
- BoE: 52 bps (66% probability of rate cut at the upcoming meeting)
- BoC: 55 bps
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