Despite the Fed's more hawkish message, a February rate cut cannot be ruled out

ISRAEL - Report 05 Feb 2024 by Jonathan Katz

1. Domestic private consumption has recovered rapidly, in part due to the lack of Israelis traveling abroad.

2. The shekel appreciated sharply last week, partly due to optimism regarding a possible ceasefire.

3. A rate cut in February is possible, depending on January’s CPI, the shekel and budget approval in the Knesset.

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