May 22, 2024 18:29 GMT
Limited Trimming In Fed Rate Cut Odds, Led By Sept
STIR
- Fed Funds implied rates are sitting just 0-1bp higher with the FOMC minutes, led by the trimming in rate cut probabilities for September.
- Cumulative cuts from 5.33% effective: 0.5bp Jun, 4.5bp Jul, 17bp Sep, 25bp Nov and 39bp Dec – see table for comparison.
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