For markets, that door has certainly opened up after the US CPI report yesterday. But personally, I still hold some reservations. That especially since we have seen traders run back the post-CPI moves previously in the last two months.However, for now, we are seeing traders start to open up to the idea of three rate cuts by the Fed for this year.The current pricing shows that September is pretty much a done deal at ~98% priced in. It was previously ~80% before the inflation numbers yesterday. Meanwhile, traders are now seeing ~60 bps of rate cuts for the year as opposed to ~50 bps before the report.I still think it's a tall order for the Fed to go with delivering three rate cuts this year. T
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