“The Fed team transitory is not going to take a victory lap with regard to the inflation numbers, short-term. They will acknowledge progress. And certainly, we have seen that progress. The charts look good. The momentum looks good. And the inflationary outlook, at least within this pocket of time, has been very constructive.”

Get your updates each week with Gregory Faranello, CFA–Head of U.S. Rates at AmeriVet Securities.