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Harker: Important To Move Rates Down But Not Right Away

FED
  • Following on from the 1231ET bullet on Harker's remarks, he went on to add that “It’s important that we start to move rates down"... “We don’t have to do it too fast, and we’re not going to do it right away.”
  • As it is, Fed Funds futures lean on the fast side, with a cumulative 21bp of cuts priced for March, 71bp for June and 147bp for end-2024.

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