Traders have been tiptoeing out of bets that rate cuts will fairly swiftly follow a final hike, though remain positioned for a peak.
British and European inflation figures due later on Wednesday could add more if they make a case for hikes on the Atlantic's eastern shores to go on beyond those in the U.S. Elsewhere, Brent crude futures were steady at $84.79 a barrel, roughly where they have traded for a few weeks since OPEC+ announced surprise production cuts. Gold held above $2,000 an ounce and bitcoin above $30,000.Citi strategist Matt King warned that markets' calm may be shortlived as central banks' cash injections made to ward off worries about systemic bank risks start to wear off.
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