Inflation/Rate Hike Probabilities Were Never High To Begin With, And Now, Despite CPI & Labor Shortage, They Are Even Less
June 09, 2021 at 10:40 AM EDT
Today, despite the out-of-this-world inflation numbers along with JOLTS Job Openings, the eurodollar futures curve like the Treasury yield curve is “somehow” pricing even lower probabilities of higher rates all over again.