The January PCE Report Unleashes A Giant Inflation Shockwave

The January PCE Report Unleashes A Giant Inflation Shockwave

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Inflation returned with a vengeance in January as the PCE report was much hotter than expected. This sent shockwaves through the bond market as expectations built for more rate hikes and a much higher Fed terminal rate. More importantly, the fantasy that the Fed would cut rates in 2023 has faded…

#pce #fedfundfutures #fedfundsfutures #treasury #expectations

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