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As though last Friday's +224k employment........>

FED
FED: As though last Friday's +224k employment number was just a bad dream, we're
back to 28% probability for 50bps cut at July FOMC.
- Monitoring Powell's press conference but unlikely to get any more revelations
today.
- Focus will turn to Bullard at 1330ET then FOMC minutes at 1400ET.
- And particularly key, inflation comes out tomorrow morning (0830ET) prior to
Powell's Senate appearance (1000ET).

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