2024-05-13 02:32:00 ET
Summary
- While the capital markets and the media react far more to the actual inflation data, ultimately it’s inflation expectations that matter more.
- There is a growing awareness of the “tightness” of corporate high yield credit, which is eliciting more commentary in the mainstream media.
- The last time the Federal Reserve eased (i.e. lowered the Fed funds rate) was in 2019, and the TLT returned +14%. Duration will work, but it might be for briefer periods.
The above is Briefing.com’s weekly economic data table. April ’24 PPI and April ’24 CPI are due out Tuesday, May 14th, and Wednesday, May 15th, respectively....
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