FFM2 rose 0.045pts to 98.9 on the announcement before giving most of it back, currently at 98.865.
FOMC-dated Fed Funds futures also trimmed for the Jun 15 meeting with 56.5bp priced to hit an effective rate of 1.42% (-3bps), whilst Dec 14 shows 2.93% (-2.5bps).

Effective funds rate implied by Fed Funds futuresSource: Bloomberg

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FFM2 rose 0.045pts to 98.9 on the announcement before giving most of it back, currently at 98.865.
FOMC-dated Fed Funds futures also trimmed for the Jun 15 meeting with 56.5bp priced to hit an effective rate of 1.42% (-3bps), whilst Dec 14 shows 2.93% (-2.5bps).

Effective funds rate implied by Fed Funds futuresSource: Bloomberg

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