Markets are backing off rate cut expectations after another disappointing inflation report. A June cut appears off the table and we may not see any cuts until the fourth quarter as we approach the election. But I still expect two cuts this year to address the rising cost of servicing the federal deficit. We just learned that the deficit for the first si…
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.