Slow and Steady
The Credit Strategist Blog
June’s inflation report was so bad that it shifted discussion from whether the Fed will raise rates later this month from 50/75 basis points to locking in 75 basis points and raising the serious possibility of a 100-basis point hike. The 9.1% June print was so disturbing to markets that within a few hours they repriced the odds of a 100-basis point hi…
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