• With short end rate scaling back from Mon's highs, implied hikes inching higher after this morning's CPI read for February.
  • Fed funds implied hike for Mar'23 at 20.3bp, May'23 cumulative 35.8bp to 4.943%, Jun'23 23.2bp to 4.817%. Small rate cut probability moves out to September, cumulative -8.0 at 4.503%.
  • Peak Fed terminal rate has climbed to 4.93 in May'23.

STIR: Post-CPI Implied Hikes

Last updated at:Mar-14 12:50By: Bill Sokolis
  • With short end rate scaling back from Mon's highs, implied hikes inching higher after this morning's CPI read for February.
  • Fed funds implied hike for Mar'23 at 20.3bp, May'23 cumulative 35.8bp to 4.943%, Jun'23 23.2bp to 4.817%. Small rate cut probability moves out to September, cumulative -8.0 at 4.503%.
  • Peak Fed terminal rate has climbed to 4.93 in May'23.

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