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…