In today’s briefing:
- Strong Labour Market Challenges Fed, as Risk Capital Outlook Rests on Rapid Inflation Decline
Strong Labour Market Challenges Fed, as Risk Capital Outlook Rests on Rapid Inflation Decline
- The strong Employment Situation report for July has raised the ante on the Fed not to pivot to a more dovish stance in the near future.
- The current size of the 10-year minus 2-year US Treasury note yield differential has historically been consistent with the pending onset of recession.
- Sticky inflation could prevent the speedy return of risk capital to US financial markets by preventing the Fed from adopting more dovish policy settings.
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