Newsletter: April Pulse Check

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Last week’s inflation news wasn’t good. CPI rose 0.4% again in March, following the same in February, and 0.3% in January. Fearing that a June rate cut by the Fed is off the table and uncertain about the possibility of subsequent rate cuts this year, markets reacted strongly, pushing yields on the ten-year UST to 4.65% at this writing.

The last mile of the inflation fight is going to be bumpy.

Read more in the April Newsletter here.