Borrow Now or Borrow Later
CPI, fiscal scenarios and favorable pandemic effects on labor dynamism
A Reflation Rinsing in the Rates Market
The sharp decline in inflation breakevens ahead of the release of the May CPI report likely caused several members of the Fed staff to dislocate their shoulders patting themselves on the back for their promotion of the transitory thesis. Bottlenecks will clear, like the distribution of Covid-19 vaccine did, but the…