‘This Is Poorly-Timed’: Credit Suisse Ups Rate Hike Forecast Amid Budget Boondoggle

‘This Is Poorly-Timed’: Credit Suisse Ups Rate Hike Forecast Amid Budget Boondoggle

I'm sure this is abundantly clear to most people, but in case it's not, allow us to reiterate: piling fiscal stimulus on top of an economy that's already running hot and then throwing in an unfunded tax cut for "good" measure is likely to end in tears. This dynamic is one of the main drivers of the bond selloff that's sent 10Y yields to four-year highs. If there were already worries about the possibility that a sudden uptick in inflation pressures could force central banks to hike aggressively
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