Markets have moved from pricing as many as six 25bp cuts at the start of 2024, to now pricing fewer than three such rate reductions.
The OIS curve has shifted from pricing outlook more aggressive than FOMC's median dot to a slightly more hawkish stance due to economic resilience and moderate inflation.
#fed-funds-rate-expectations #market-dynamics #economic-resilience #inflation-trends #ism-manufacturing-survey
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