Inflation Tops Estimates & Wages DECLINE 13 Months Straight

The inflation rate beat estimates yet again, and wages were unable to keep up with the rate of inflation every single month for over a year. This has pushed the market to price in the higher likelihood of the Federal Reserve raising rates to fight inflation. However, at the long end of the curve, rates have started to decline, indicated the market expects the Fed to cause a problem it will have to bail out in the near future.