The level of the Discounted T-Bill of 4.09% strongly suggests the older Fed pattern of hiking rates to catchup. A hike to mid-range of 4.13% for Fed Funds is highly likely if past patterns continue.
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The level of the Discounted T-Bill of 4.09% strongly suggests the older Fed pattern of hiking rates to catchup. A hike to mid-range of 4.13% for Fed Funds is highly likely if past patterns continue.