More irrational exuberance?
NAB Morning Call
00:00
The Fed Isn't Ready to Declare Victory on Inflation
Markets are 96% priced for a 25-point hike this week. Terminal pricing for the Fed remains at around 540. The markets roughly only pressing in one more hike, as you say. But it is that outlook where to from here. And our view is that they will remain quite hawkish.
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