In this episode, we discuss our takeaways from the January inflation data and the broader outlook for inflation, growth, and rates markets. CPI, PPI and import price inflation all came in stronger than expected in January, even as retail sales data disappointed. We still look for inflation to cool gradually over time and stick with our call for the first rate cut to come in June. We like positioning for lower front-end real yields.

Speakers:

Phoebe White

Michael Feroli

This podcast was recorded on 16 February 2024.

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