Audio: A Mini Tantrum

This audio recap focuses on our August 27 note, A Mini Tantrum

Figure 2: Since the July FOMC meeting, the probability of rate cuts in 2023 has fallen sharply. Since the June meeting the terminal funds rate has declined underscoring our peak tightening expectations theme as well as our view that inflation will prove sticky in 2023.

Barry C. Knapp

Managing P…