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Fed Funds Pricing Relatively Resilient

STIR FUTURES
  • March 16 pricing sits at 30bps, down from 35bps yesterday and not far below the 32bps pre-US CPI.
  • Larger declines in Jun and Dec meeting pricing but Jun still has more than three consecutive 25bp hikes priced (83bp, -10bps) with 6 hikes almost fully priced for 2022 (149bp, -12bps), still higher than the 5.5 pre-CPI.
  • Fedspeak scheduled from Barkin (2024), Bostic (2024), Mester (2022) and Daly (2024).

Fed Funds meeting pricingSource: Bloomberg

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