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Post-CPI: Still Expecting 50Bp Hike Tomorrow, Jun'23 Terminal Dips

STIR

Fed funds implied hike for Dec'22 back to 52.9bp, Feb'23 cumulative 91.5bp to 4.744%, Mar'23 108.0bp to 4.913%, Fed terminal rate, however, slipped to 4.845% for Jun'23 (4.97% pre-data).

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