Inflation May Be Our Best Case
The Credit Strategist Blog
While market sentiment can turn on a dime, it appears that markets (and the media that covers them) are now thinking that benchmark interest rates will remain at or above 5% through most (if not all) of 2024. That has been my view all year for several reasons. First, it is proving difficult to reduce inflation to the Fed’s 2% target. Second, the lag…
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