Rate markets pricing a quarter-point Fed cut within 18 months

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While we await Asian markets to get fully active, this via Bloomberg on pricing in the PIS market

• OIS indicate a full quarter-point cut within 18 months
• Weak ISM manufacturing provides further fuel for market move

Here is the link for more

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Dunno ... but did I post this already a few days ago? Given it quotes the ISM released overnight I guess not but the rate cut bandwagon is beginning to to roll …. albeit still a good way off.