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No Change In Fed Pricing Following Durable Goods

STIR

Little net movement in FOMC-dated OIS following the durable goods data, with negative revisions generally offsetting firmer-than-expected prints. That leaves ~33.5bp of cuts priced through year end, with just over 80% odds of the first cut coming by the end of the Nov FOMC.

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Little net movement in FOMC-dated OIS following the durable goods data, with negative revisions generally offsetting firmer-than-expected prints. That leaves ~33.5bp of cuts priced through year end, with just over 80% odds of the first cut coming by the end of the Nov FOMC.