Audio: Blink 2022

This audio recap focuses on our October 1 note, Blink 2022

Figure 2: Breakeven inflation is falling sharply, 5-year TIPS were 61bp lower in September, 10s contracted 42bp. The University of Michigan 5-10-Year inflation survey was revised to 2.7% from 2.8% in the preliminary September survey. The peak of 3.1% in June was a catalyst for the Fed’s last-minu…