Despite CPI Surprise to the Downside, Higher for Longer Interest Rate Outlook Holds
via mishtalk: Interest rate odds still imply no rate cut by the Fed until March of 2024 despite year-over-year CPI inflation falling to 3.0 percent. Higher for Longer According to CME Fedwatch, the first rate cut will not be until March of 2024. CME data represents the futures and options positioning …