Last Week’s CPI Report Was Hotter Than Expected. The Markets Are Not. JUNE 13, 2022

The global equity sell-off coming off the heals of Friday’s higher-than-expected May inflation report is showing price gains at their fastest pace since 1981, adding to the pressure facing Jay Powell and the Fed ahead of this week’s policy decision and questions about possible changes to its rate hike strategy. Michelle Girard of Natwest Markets joins us to discuss the future of inflation. Plus, investors are fleeing the shorter end of the U.S. bond market as they scramble to price in an even steeper path for the Fed rate hikes. Kamakshya Trivedi of Goldman Sachs gives her thoughts on the week ahead. And, tech’s continued hammering is poised to roll on after a tough week. Richard Kramer of Arete Research dives into whether a bottom could be near.