Strong economy, Sticky inflation and high productivity - large fiscal spending- $1.1 trillion in 3 months as interest outgo - this backdrop validates Powell/Waller's "no rush to cut" line sound increasingly prudent. Watch for 4.35 break in 10-year yields for an explosive up move.
No "Rush Hour"
No "Rush Hour"
No "Rush Hour"
Strong economy, Sticky inflation and high productivity - large fiscal spending- $1.1 trillion in 3 months as interest outgo - this backdrop validates Powell/Waller's "no rush to cut" line sound increasingly prudent. Watch for 4.35 break in 10-year yields for an explosive up move.