Fed Funds implied hikes have pulled back from fresh cycle highs late yesterday as attention turns away from Powell to payrolls tomorrow.
42bp for Mar (-0.5bp), cumulative 77bp for May (-1bp), 108bp to 5.65% terminal in Sep (-4bp) before 14bp of cuts to 5.51% year-end (-4.5bp).
Fedspeak: Calendar still devoid of scheduled speakers, with only VC Supervision Barr on crypto today before the media blackout starts Fri midnight (after payrolls).

FOMC-dated Fed Funds futures implied ratesSource: Bloomberg

Homepage Bullet Markets Fixed Income News Foreign Exchange News FOMC Calendar Market News

Chris Harrison

Homepage Bullet Markets Fixed Income News Foreign Exchange News FOMC Calendar Market News

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Fed Terminal Pulls Back From Fresh Highs Late Yesterday