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Fed Rates Tread Water Ahead Of CPI

STIR
  • Fed Funds implied rates continue to tread water ahead of US CPI (re-upping preview here), with the rate path back at pre-Dec FOMC levels.
  • Cumulative cuts: 5bp Mar, 17.5bp May, 38bp Jun and 112bp Dec.
  • There’s no Fedspeak scheduled for today and tomorrow also looks light with just Goolsbee (’25 voter) in Q&A before VC for Supervision Barr (perm. voter) at a NABE conference.

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