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Charges On The Rise

Yesterday’s preliminary jobless claims information launch got here in beneath expectations, signaling a stronger labor market which is one other “excellent news is unhealthy information” signpost.

We will see a few of these developments play out by way of the Eurodollar Futures curve the place the market’s anticipated federal funds fee is steepening (extra fee hikes), now anticipated to be over 4% within the second half of 2023. That’s in step with the Federal Reserve’s personal projections that they’ve informed the market:


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