Fed Chair Warsh’s description of Wednesday’s hike as removing “a dose of accommodation” drove the 2-year Treasury yield and Dollar Index sharply higher, but Fed funds futures barely moved the expected destination of the tightening cycle—leaving Brent’s $100 test as the upstream variable that decides whether the front end’s repricing gets confirmed.
The post Warsh’s “Dose of Accommodation” Overread? 2-Year Yield Runs Ahead of Fed Futures appeared first on ActionForex.
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