May 23, 2024 12:57 GMT
Little Net Movement In Fed Pricing As Weekly Jobless Claims Print Close To Exp.
STIR
Little net change in FOMC-dated OIS in the wake of the weekly jobless claims data (see previous bullets for greater details on the data, which was close to expectations).
- 39bp of cuts are priced through year end, with the first 25bp cut fully discounted through the end of the November FOMC. Recent ranges continue to be respected.
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