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Patrick Saner
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Head Macro Strategy @SwissRe. Former World Bank, SNB and UBS. Views are my own/personal.
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May 17, 2023
Fed funds futures are pricing in about 60bps of rate cuts until the end of the year. Meanwhile, US core CPI is running at 5.5% YoY currently. How is this possible? When will/can the Fed start cutting rates? Some historical evidence that can serve as
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