Investors Seen as Bracing for High Inflation Data
June 6, 2022CNBC Interview 6/7/22
June 7, 2022Markets are “positioning themselves for perhaps what they perceive to be another round of high inflation” ahead of Friday’s CPI data, Spartan’s Peter Cardillo tells WSJ, as the 10-year Treasury yield rises again above 3%. “I believe that structural inflation has peaked, but the transitory inflation is probably the real problem.” Cardillo expects energy and food prices to remain strong even as other prices cool down, leading the Fed to hike by 50 basis points at least twice more. Cardillo thinks the 10-year yield is unlikely to go higher than its March peak of 3.12%.