The ongoing wave of less dovish Fed speak has been having an impact on yield differentials, with odds for rate cuts in 2024 coming back down to 48 basis points.
The ongoing wave of less dovish Fed speak has been having an impact on yield differentials, with odds for rate cuts in 2024 coming back down to 48 basis points from 61 basis points this past Friday. Tuesday’s calendar features Fed speak, Canada inflation, the Chicago Fed National Activity Index, US Case Shiller, US house prices, US consumer confidence, and Richmond Fed manufacturing.
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