I’ve been using this meme for a while and it basically explains everything that’s going on in the markets right now. I hate to over-interpret moves around the corner, but these get too big to ignore.
The bond market is shouting that we have already seen a spike in inflation while equities are increasingly worried about growth (yet not yet supported by lower rates).
The Fed funds market is now down 55% for 75 bps and 45% for 50 bps. Looking further ahead, the terminal rate is collapsing, with futures peaking at 3.21%, down from 3.50% yesterday and +4% just two weeks ago.
cnbctv18-forexlive-benzinga
Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.