The Fed's Statement on the T. Year Treasury Yield

The terminal rate has been in an uptrend since summer, and now it's already above 5%. The market with a couple of exceptions here is pretty much locked into this idea that the Fed will be done in around April or May. That doesn't change but the rate itself does change. How much they raised in December is all like I said before, it almost doesn't matter. It's where are they going? And probably going to get there by April or May is what the market says. We've got 239,000 jobs reported for November; 250,000 expected on Friday. Economists based on population growth say we need about 50-75,000 jobs just to meet that expectation

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