Wall Street

Rate Capitulation May Be At Hand

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Rate Capitulation May Be At HandIf comments issued from the Fed represent data points, the sample size is growing larger and more convincingly pointed toward the Fed taking short rates above the current rate of inflation and holding them there for longer to ensure it’s quashed. Core PCE, the Fed’s preferred inflation metric, is currently sitting at 5.1% year-over-year. Q3 2022 hedge fund letters, conferences and more Two recent comments bolstering this view came from St. Louis Fed President James Bullard and more recently, NY Fed President John Williams. John Williams specifically noted that, …

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