The comparability of the WEC’s implied federal funds for the March 22 and Might 3 conferences exhibits a slowdown, which seems attributable to developments surrounding SVB.
Determine 1: Efficient Fed Funds (black), implied CME futures at 3/13 12:20CT (crimson sq.), 3/10 (pink sq.). Supply: GCE Fedwatchconsulted on 03/13.