Today’s higher-than-expected producer prices andlower jobless claims support the Fed’s stance that the market isn’t ready for cuts yet, portfolio manager Clayton Allison told Vivien Louchen and MarketWatch. The market is pricing in a first cut in June & only around 75bps total cuts by year-end.
Check out Clayton’s full reaction on MarketWatch, where they regularly offer live covereage of major market updates.
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