With inflation surging to a four-decade high, Federal Reserve Chairman Jerome Powell was forced to walk back some of his earlier, more dovish outlook for financial markets. In particular, Powell ramped up talks of the Fed’s strategy for tapering asset purchases and interest rate hikes. And yet, current interest rates, as well as projections, for …

While Inflation Data and Central Banks Cry Wolf, the Yield Curve Rests Easy – and Why Investors Should Do the Same Read More »