Below is a chart and excerpt from today's Early Look written by Macro analyst Ryan Ricci.

The Chart of the Day is showing implied rate hikes until 2024. The key notes are: the market is implying a 50 bps hike in December with continued hikes until March 2023. Then the rate will stay flat until November 2023 where the market is implying the first rate cut.

How does this compare to before the Fed meeting?

IT’S THE EXACT SAME!

CHART OF THE DAY: A World Reliant On The Fed - reli