Hard truth is CPI still rising
Matein Khalid The April jobs number and now the April CPI has reinforced convictions that inflation will continue to come down and thus the capital markets price two Fed rate cuts by year end. The 10-year US Treasury note yield has dropped to 4.40% though the 2-year note is still at 4.82%, making this yield curve inversion protracted even as retail sales slip and consumer credit metrics […]

