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Biggest CPI ever didn't disappoint.

Eurodollar University

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CPI Data Release - Euro Dollar Futures Curve Is More Inverted Than Yesterday

The euro dollar futures curve is a little more inverted than it was yesterday. The spread from June 2023 to December 2023 is 48 basis points which we do not take literally that does not say the market expects to 25 basis point rate cuts there about in the second half of the year. There is a rising and serious probability that there will be rate cuts during that period of time if not beforehand.

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