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.