Scott Gewirtz
Scott Gewirtz
amidst build data earlier fed inflation looking pause pressures protect robust statements
Pausing amidst robust data contradicts earlier statements that they are data dependent. If you were someone who was looking for the Fed to protect your fixed-income investment, if they pause and they're wrong, inflation pressures can build in that period.
information near people point turning
A lot of people think we're right near the turning point for the Fed, but I don't think we're going to get a lot of information tomorrow.
dollars gold inflation people places suggest terms tips trying
In terms of gold it does suggest people are trying to find other places to put their dollars but it's not an inflation story because TIPS just aren't doing anything.
fed interested market stopping
There's a sense in the market that the Fed is interested in stopping soon.
looking
If you were looking for something to tuck away for 30 years, this would not be it.
bit excited hard higher paid prices rally relief softer
We've had a little bit of a relief rally because the ISM was softer than expected, but the prices paid were higher so it's hard to get too excited about it one way or another.
although expected fed last lift people rates seeing thinking year yields
Yields at the end of last year were very low, and although the Fed was expected to lift rates to 4.50 percent, yields were around 4.32 percent. Now you've got people thinking the Fed is going to 4.75 percent, so you're seeing an unwind.