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OIS Sees Higher Fed Rate Peak Than Pre-FOMC

STIR

OIS still finding their feet after the Powell press conference, but implied rates recovered their post-statement drop and then some:

  • Dec 2022: 4.42% (was 4.44%)
  • Feb 2023: 4.82% (was 4.81%)
  • Mar 2023: 5.01% (was 4.97%)
  • May 2023: 5.09% (was 5.04% - still the peak)

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