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What now after the US CPI data yesterday?
The US consumer inflation report yesterday came in more or less within estimates and that reaffirmed the prevailing narrative on the Fed outlook. That being the central bank will likely move to the sidelines in June. Fed funds futures are now showing 95% odds of that being the case but in terms of pricing, it hasn't changed much from last week:The first rate cut priced in is still in September, followed by two more rate cuts priced in for November and December this year.That isn't much of a chan...
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Posted: May 11 2023, 04:29
Author Name: forexlive
Views: 110883