U.S. money markets bet on higher, earlier terminal fed funds rate | Reuters
Holger Zschaepitz on X: "The markets have calibrated their Fed interest rate expectations way lower following the weaker inflation figures. Rate market pared expectations for the Fed terminal rate to under 5%.
Michael McDonough on X: "Market expectations for the Fed terminal rate slowly shifting lower on back of recent inflation data: {ECAN<GO>} https://t.co/09vnwcDl05" / X
Faced down by Fed, markets dab 6% onto risk radar | Reuters