Nine Hawks Chasing A Storm That May Already Be Gone

Nine FOMC members penciled in rate hikes this week, implying a more hawkish policy outlook in response to an energy shock. The article says a US-Iran MoU appears to be unwinding that shock, while the 10-year Treasury yield barely moved, suggesting markets expect current inflation pressures to remain contained.

Analysis

Nine FOMC members penciled in rate hikes this week, implying a more hawkish policy outlook in response to an energy shock. The article says a US-Iran MoU appears to be unwinding that shock, while the 10-year Treasury yield barely moved, suggesting markets expect current inflation pressures to remain contained.