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Debt ceiling deal nears completion: Question is no longer if the Fed will hike, but when
Fed funds futures are bouncing around but currently show a 42% chance of a June 14 hike with the remainder unchanged. However there are now 22.3 bps of hiking priced in for the July 26 meeting, which is nearly a fully priced in hike.The dollar has cheered the indications on the debt ceiling as well, with USD/JPY at a session high, up 32 pips to 139.79.Treasury yields are shifting in the same direction, with US 2-year yields up 14.8 bps to 4.49%.Here's a GPT poem about the debt ceiling:In the hea...
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Posted: May 25 2023, 13:05
Author Name: forexlive
Views: 110659