A hot CPI print following the recent strong jobs print has put ‘high for long’ back in focus, challenging the soft landing narrative. We discuss with Phoebe what these ‘bumps in the road’ mean our views on TIPS, breakevens, and duration generally. As for Gold, Greg dissects the reasons for the recent rally and reviews whether the rate cutting cycle is going to be as bullish for Gold as it was historically.

Speakers:

Thomas Salopek, Global Cross Asset Strategy

Phoebe White, Head of US Inflation Strategy

Greg Shearer, Head of Metals Research

This podcast was recorded on 11 April 2024.

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All into Account: ‘Post-CPI view on US Fixed Income and Gold’ with Phoebe White, Head of US Inflation Strategy and Greg Shearer, Head of Metals Research