A near-term Fed pivot could be on ice again as recent economic and survey data suggest inflation has yet to cool down sufficiently. Benchmark yields jumped back up last week as markets grew more certain of near-term rate hikes. With limited data releases this week, attention will likely turn to the Q1 2023 earnings season. As well as gaining a clearer view of the impact of recent turmoil on financial institutions, we should also be able to gauge current cost inflation dynamics across nonfinancial corporates.
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