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Data is noisy and the ride may be bumpy
Episode 30
Published 2 years, 1 month ago
Description
BlueBay Head of US Fixed Income Andrzej Skiba discusses why investors will have to wait for additional evidence regarding a moderating inflation trend before the Fed acts to cut rates.
- Strong growth, labor markets and inflation running hot are not a combination desired by the Fed.
- In terms of jobs, growth remained robust, but we’ve added fewer jobs than expected.
- Inflation remains sticky, with February readings staying higher, following up January’s strong data.
- We do expect a slowdown to manifest itself and that should help inflation to moderate.