Inflation Bets Recede After Powell Speech

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Buyers knew they might get powerful anti-inflation speak from Federal Reserve Chairman Jerome Powell final week. The speech he delivered continues to rattle debt markets anyway.

After a weekend spent pondering Mr. Powell’s Friday presentation on the Fed’s Jackson Gap convention, merchants this week have leaned additional into bets that the Fed will increase charges aggressively into 2023 to deliver down inflation.  Treasury yields have risen, market-based inflation predictions have touched their lowest ranges all 12 months and any indicators of hope for a fast Fed pivot have additional pale.

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