Source: Seeking Alpha
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The Hawkish Hike: It's An Energy Driven Inflationary Shock
The Fed delivered a hawkish hike, yet the 10Y yields rose, and the market is now pricing a 4.7% Federal Funds rate in 2027, above the Fed's 4.1% target. We are in an unfolding energy-driven inflationary shock, and the Fed's first hike is part of it, with more hikes coming as price of oil keeps rising.
Source: Seeking Alpha
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