Higher Rates for Longer to Squeeze Inflation

S&P 500 was up about 5.5% at the end of Tuesday and yield to maturity on two-year Treasury notes finished at a low point around 17 basis points lower in terms of interest rate. By close of business Friday, the S&P was still positive for the week, although Friday's ferocious sell-off erased about 3%. Payroll employment figures came in slightly above expectations and the labor force contracted a touch. The aggregate index is now down 15%. Now perhaps there is more to come of that because the Reserve Bank credit dipped by a healthy $45 billion from seven days ago leaving Fed's holding of interest-bearing assets at $8.73 trillion.

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app