The first six months of 2022 have not been smooth sailing. The Fed has taken a few shots at record high inflation, and after recent readings, it seems to be heading in the right direction — downward. However, the question remains, can the Fed can stick the landing of bringing their inflation targets back in line without sending the U.S. economy into recession?
Category: Market Commentary
Benchmark covers expectations for 2022 in the stock market and the broader economy as we transition past our second full year of the COVID pandemic.
The conditions that precede a battle with the bond vigilantes are high deficits coupled with what is viewed by the bond market as excessive spending. Against that backdrop you can understand the recent spike in yields across the intermediate and long end of the yield curve.