Stocks & Bonds Slammed After Hot Inflation Print, Rate-Hike Odds Soar
February 24, 2023 at 08:56 AM EST
A much hotter than expected Core PCE print has sparked a dramatic hawkish response across markets. Expectations for The Fed’s terminal rate has spiked to 5.39% and H2 2023 rate-cut expectations have dwindled to single-digits (just 9bps priced in)… Source: Bloomberg The market is now fully pricing in 3 x 25bps rate-hikes at the next […] Source
