Expectations for 100bps dropped from 80% to 45% after both Fed officials commented. The market also welcome this. 100bps is not totally off the table though and with Canada central bank actually doing a 100bps few days ago, it set a precedent that Fed might just follow as well. Luckily the oil price had also come down during the last few days so the pressure on Fed to do 100bps is lesser. Else with the political pressure from Biden, Fed might give in and actually do 100bps. I believed the June 75bps instead of the planned 50bps is due to political pressure. Anyway, 2 more weeks to July FOMC, expecting a few more Fed officials to drop their hints. Let's see how it goes.