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15bp Of Cuts Priced For March Into FOMC Decision

STIR
  • Fed Funds implied rates have since a sizeable lift off post data-, QRA- and regional bank-induced lows ahead of the FOMC decision, but are still notably lower than pre-ADP/ECI levels.
  • Cumulative cuts: 15bp for March, 37bp for May, 64bp for June and 145bp for Dec.

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