Week Ahead: More US (Headline) Inflation And Consumption, And 75 Bps Hike By Bank Of Canada
July 09, 2022 at 15:20 PM EDT
The implied yield of the June Fed funds futures contract had a 52 bps of tightening priced the day before the CPI data. It firmed to 57 bps by the end of June 10. After a good weekend and the press reports, the market moved to price in 72 bps.
