The Great Migration – A look at the US Fixed Income market amid rising inflation and interest rates
The latest CPI print for the US came in at 8.2%, while the core inflation was recorded at 6.7% - this, despite the sharp pace of rate hikes by the Federal Reserve (Fed), indicates that inflation is sticky as growth slows (US GDP is expected to grow 1.1% in 2023 as per the latest IMF data)
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