Fed funds futures cut December easing odds after a hot services PMI
The cut cycle is not canceled. It is being asked to show more ID.
Senior Markets Correspondent
Stock market data on a digital display
December implieds cheapened by more than a full cut-probability notch, and the 10-year yield backed up toward a range that makes chief financial officers sit up.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.
