By Wes Goodman, Bloomberg Markets Live reporter and strategist
The US two-year breakeven rate is showing an eye-popping increase and will put upward pressure on yields. Inflation expectations are climbing as the Fed’s fight against rising prices seems to be sputtering. The latest warning for bond investors came from Apollo Management Chief Economist Torsten Slok, who said that a re-accelerating US economy, coupled with a rise in underlying inflation, will prevent the Federal Reserve from cutting interest rates in 2024 . The numbers tell the tale of a Fed battle against inflation that has yet to be won. Core […]
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