This chart from today's Early Look by Keith McCullough shows Fed Fund Futures pricing in rate cuts in 2022-23 that never came.

CHART OF THE DAY: Hedgeye Called the Top in Inflation (While Old Wall Called for Rate Cuts) - TheEL

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CHART OF THE DAY: Hedgeye Called the Top in Inflation (While Old Wall Called for Rate Cuts) - Show Schedule   TRANSPARENT