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Sticking With More Than 40bp Hike Priced For March FOMC

STIR FUTURES
  • Earlier mention from Powell stressing that no decision has been made on the pace of rate hikes before latest headline that slowing the pace of rate hikes is a way to better watch for those effects has had relatively little impact on pricing for the Mar 22 decision.
  • At 41.5bp, it’s off highs of 43.5bp but remains above yesterday’s 40.5bp post-Powell first opening the door to a 50bp hike (31bps prior).

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