Following up on the PPI launch (mentioned together with different core measures) mentioned right here, how have markets responded, by way of Fed funds futures, the ten yr price?
Supply:Â CME accessed 6/12, 6/13/2024, 1:30pm CT.
The trajectory of Fed funds implied by futures is additional depressed.
The ten yr yield additionally dropped. In perspective:
Supply: TradingEconomics, accessed 6/13/2024, edited by writer.
We now have constant reactions — apart from the PPI launch — within the nominal worth of the US greenback, as proven within the beneath determine (over the identical interval):
Supply: TradingEconomics, accessed 6/13/2024, edited by writer.
After all, the greenback’s worth in opposition to a basket of foreign currency is affected by occasions and expectations revisions overseas, in addition to at house.
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