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6.A. - Page 20 of 37 <br />REDWOOD CITY <br />0.75% <br />0.50% <br />0.25% <br />0.00% <br />-0.25% <br />-0.50% <br />Mar'18 <br />Source: Bloomberg, as of 3/28/19. <br />But, the Market Expects a Rate Cut by Year End <br />2019 Rate Moves <br />Priced into the Futures Market <br />May '18 Jul '18 Sep '18 Nov '18 <br />Attachment A <br />For the Quarter Ended March 31, 2019 <br />Market Update <br />Hikes <br />K <br />2 <br />1 <br />Cuts <br />1 <br />-0.30% <br />2 <br />Jan '19 Marl 9 <br />PFM Asset Management LLC 29 <br />