Markets are balancing the positive progress of the infrastructure deal, economic data, and a solid earnings quarter versus the worsening global growth picture due to the Delta variant.
Jerome Powell is the new honey baritone (formerly dubbed to Perry Como for his beautiful low voice) in markets as he reiterates lower rates for longer.
Peak growth concerns coinciding with the peak inflation reprieve are keeping investors and rates at bay for now, but the upcoming U.S. government spending and a significant uptick in global COVID…
Fixed income markets were calm this week following the Fed’s domination of the narrative last week, but investors are seeing this summer window as simply the ‘eye of the storm’.
The Fed meeting dominates fixed income investors’ attention this week as they feel the pressure of figuring out how rates will behave in the 2H of 2021.