Inflation, Margins, Earnings & Business Cycles
The Fed's Admission, Corporate Tax Pushback, It's Still Early for Tightening & Reflation and Profit Margins
I will be on CNBC Squawk Box Monday April 12 at 6:30 Eastern
The Fed’s Admission
“Model- and survey-based estimates suggested that a significant portion of the increase in yields was associated with an increase in term premiums. Higher term premiums could reflect the outlook for more expansive fiscal policy and an associated upward revision in the ex…