#CPI “really doesn't matter. What has happened over the last 3 days has done Powell's job for him. Credit creation at banks will collapse and the economy will slow even in a good scenario. Inflation is almost certain to taper off as a result ..”. (con’t)
- JPM desk
- JPM desk
2.
Any rally “on the view that the Fed does not need to raise anymore is silly IMO. If they don't need to raise it is because of downside risks to growth and systemic risk to the banking system... Not a positive.”
Any rally “on the view that the Fed does not need to raise anymore is silly IMO. If they don't need to raise it is because of downside risks to growth and systemic risk to the banking system... Not a positive.”
3.
“.. I recognize we are close to the low end of the range, but I’d argue the range has changed and we are back in sell rallies mode .. we could see a re-pricing of yields as we get an update on the DOTS. Terminal rate expectations are under 5%, down from 5.50% last week.”
“.. I recognize we are close to the low end of the range, but I’d argue the range has changed and we are back in sell rallies mode .. we could see a re-pricing of yields as we get an update on the DOTS. Terminal rate expectations are under 5%, down from 5.50% last week.”
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