Greetings,
The United States: The market no longer expects two Fed rate cuts this year, with only 31 bps of reductions currently priced in.
![](https://thedailyshot.com/wp-content/uploads/US-2024-only-31-bps2405290550.png)
![](https://thedailyshot.com/wp-content/uploads/US-2024-only-31-bps-ST2405290550.png)
Japan: JGB yields continue to surge.
![](https://thedailyshot.com/wp-content/uploads/JP-102405290550.png)
Australia: The monthly CPI report surprised to the upside.
![](https://thedailyshot.com/wp-content/uploads/AS-AU-CPI2405290550.png)
Energy: CTAs are bullish on crude oil.
![](https://thedailyshot.com/wp-content/uploads/EN-CTAs-are-bullish2405290550.png)
Equities: The Dow is back at its 50-day moving average.
![](https://thedailyshot.com/wp-content/uploads/EQ-INDU2405290550.png)
Rates: Here is a look at rate trajectories across the Fed’s easing cycles.
![](https://thedailyshot.com/wp-content/uploads/RA-Here-is-a-look-at-rate-trajectories-across-the-FedQs-easing-cycles2405290550.png)
Food for Thought: Cocaine in wastewater in European cities:
![](https://thedailyshot.com/wp-content/uploads/VTG-Cocaine-in-wastewater-in-European-cities2405290550.png)
Edited by Josh Oldmixon
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