Core cpi is 1. 7 or 1. 6. It allows the fed to go slow and not disrupt market conditions. Gradual pushup in inflation back to normal, we dont see anything that will push inflation to levels where it becomes a market issue or forces Central Banks to accelerate any rate hike plans they may have. You should probably start to tighten when you see the whites of the eyes of inflation. 1. 4 core pce aint anywhere near the whites of anybodys eyes. The biggest risk is clients getting in and eyeing duration right now. We want some duration on portfolio, but too much duration is risk. We dont think this trend is going to be structural. It is transitory in nature. We think investors should be rewarded for going on the other side of that. The bond markets continue to be distorted. It is extraordinary to see. We just talked about u. K. Inflation heading up, putting pressure on inflation rates all over the world. The bond markets are still not responding, and appear very stretched. Jonathan joining m
Core cpi is 1. 7 or 1. 6. It allows the fed to go slow and not disrupt market conditions. Gradual pushup in inflation back to normal, we dont see anything that will push inflation to levels where it becomes a market issue or forces Central Banks to accelerate any rate hike plans they may have. You should probably start to tighten when you see the whites of the eyes of inflation. 1. 4 core pce aint anywhere near the whites of anybodys eyes. The biggest risk is clients getting in and eyeing duration right now. We want some duration on portfolio, but too much duration is risk. We dont think this trend is going to be structural. It is transitory in nature. We think investors should be rewarded for going on the other side of that. The bond markets continue to be distorted. It is extraordinary to see. We just talked about u. K. Inflation heading up, putting pressure on inflation rates all over the world. The bond markets are still not responding, and appear very stretched. Jonathan joining m
Of a comeback. Inflation remains well below 2 . Core cpi is 1. 7 or 1. 6. It allows the fed to go slow and not disrupt market conditions. Gradual pushup in inflation back to normal, but we dont see anything that will push inflation to levels where it becomes a market issue or forces Central Banks to accelerate any rate hike plans they may have. Larry summers is right. You should probably start to tighten when you see the whites of the eyes of inflation. 1. 4 core pce aint anywhere near the whites of anybodys eyes. The biggest risk is clients getting in and buying duration right now. We want some duration on portfolio, but too much duration is risk. We dont think this trend is going to be structural. It is transitory in nature. We think investors should be rewarded for going on the other side of that. The bond markets continue to be distorted. It is extraordinary to see. We just talked about u. K. Inflation heading up, putting pressure on inflation rates all over the world. S the bond m
Core cpi is 1. 7 or 1. 6. It allows the fed to go slow and not disrupt market conditions. Gradual pushup in inflation back to normal, but we dont see anything that will push inflation to levels where it becomes a market issue or forces Central Banks to accelerate any rate hike plans they may have. Larry summers is right. You should probably start to tighten when you see the whites of the eyes of inflation. 1. 4 core pce aint anywhere near the whites of anybodys eyes. The biggest risk is clients getting in and buying duration right now. We want some duration on portfolio, but too much duration is risk. We do not believe this inflationary strand trend is going to be structural. It is transitory in nature. We think investors should be rewarded for going on the other side of that. The bond markets continue to be more distorted. It is extraordinary to see. We just talked about u. K. Inflation heading up, putting upward pressure on inflation rates all over the world. And the bond markets are
A slight amount less than 1 . Yields up by one basis point. Sterling here, weaker you take retail sales, lower on the day. He wants a little risk off bid. Gold, the to look at one to watch. David its time now for the northern morning brief. Outeds claims will be 8 30 this morning eastern time. 9 30, eu leaders will meet in brussels and discussed illegal immigration and taxing digital companies. President trump will injured interview janet yellen, on whether she gets another term. If this resonates i was thinking the same thing. It would seem like, what why do want this job . [laughter] rates . Ou like low do you like deregulation . [laughter] are so your most recent speech, i heard you dont. [laughter] i think it reps up from there. What do you mean, most recent speech . Like, forget it, im out. Heading to spend for the latest, the president the government has announced they moving forward the process of this suspending the government, after the president refused to drop his claims. Jo