Multiple accounts talking as if Powell himself has already been replaced and cuts in Sept are a foregone conclusion. All this despite clear hesitation and mixed views in Fed board rhetoric and endless pressure from the executive pushing around expectations. If CPI or NFP are even slightly mixed in their signaling I think we could see that 93% cut probability get re-priced lower. Can shift in a matter of days. Still more than a month until FOMC plus Jackson Hole in between. I'm just holding off on getting too convicted about Sept.(𝐓𝐗𝐌𝐂)