Markets Recalibrating – AKA Correction
February 15, 2023 Good morning, Recall late last year’s concern that the bond market had rallied, perhaps too much, and priced in Fed rate cuts all year long beginning in March. Leading the concerned camp was the Federal Reserve itself. Tuesday morning’s January CPI (Consumer Price Index – a key inflation indicator) rose more than […]
Market Note: Wait, Is Inflation Back?
February 16, 2024 – Data released on Tuesday showed that consumer prices increased by 3.1% in January from a year earlier.[1] Though a decrease from December’s 3.4% number, January’s reading was above the economists’ consensus projection of 2.9%.[2] Investors reacted strongly, sending stocks lower and bond yields higher, though by Wednesday, both markets saw a modest […]