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<u>Assessment:</u> The fed recent data and release makes for the scenario that they will continue with their plan to keep rates higher for as long as they can, with no rate cuts in 2023, giving the inflation problem the priority at the moment. | <u>Assessment:</u> The fed recent data and release makes for the scenario that they will continue with their plan to keep rates higher for as long as they can, with no rate cuts in 2023, giving the inflation problem the priority at the moment. | ||
The markets continue to be skeptical of this result, pricing more than 1 rate cut in 2023. | The markets continue to be skeptical of this result, pricing more than 1 rate cut in 2023.<ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | ||
=== Notes === | === Notes === |