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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David Cervantes @pinebrookcap · May 17, 2023

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Great thread. 1. The Fed is not backing off on inflation until the numbers get lower. Sry. I don’t make the rules. 2. The labor mkt is strong and is not an impediment.

Tweet 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

by Patrick Saner

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