October 03, 2024 12:55 GMT
STIR: No Movement In Fed Pricing On IJC, 70bp Of Cuts Priced Through Dec
STIR
Essentially no net movement in Fed pricing on the back of the weekly jobless claims data, which was mixed when compared to expectations (at the margin) but still pointed to a healthy labour market, with no sign of an impact from Hurricane Helene.
- Fed Funds show ~35bp of cuts for November, 70bp of cuts through December and 160bp of cuts through June.
- Focus turns to today’s Fedspeak & ISM services survey.
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