Yield Hunting Newsletter | May 2024 | Revisiting The Pivot Playbook
Summary
The number of rate cuts by the Federal Reserve has likely been reduced, but at least five cuts are still expected over the next two years.
Inflation is still declining, but recent data shows a slowdown in the decrease.
The narrative shift in the next few months looks highly probable, with a shift to downside surprises in inflation expected in April.
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