Markets far more de-risked into June FOMC. And +75bp brings rates closer to market expectations.

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Why Fed 75bp hike post-FOMC is a logical response to U Mich survey and political considerations

Since Friday's CPI (higher CPI) and U Mich Consumer Confidence survey (rise in consumer inflation expectations), consensus expectations for June is now a 75bp hike (vs 50bp prior). This is a break from the forward guidance given by the Fed and has prompted multiple interpre...

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