Rates are On The Verge Of Breaking Out

Daily Updat

Stocks are a bit lower today as rates and the dollar rise. It is clear that as more time goes by, the market is rethinking its knee-jerk/CTA (Commodity Trading Advisors) induced the Fed is done rate cutting cycle.

Currently, the Fed Funds Futures for July are trading at 5.11%, higher than the implied FOMC rate of 5.1% shown on the dot plots. This could be a minor fluctuation or symbolize the market's growing awareness that there may be additional rate hikes beyond June.