6th March 2023

  • Powell Set to Lay Groundwork for Higher Rates on Capitol Hill

Fed chief is likely to warn lawmakers of inflation risks

Powell will deliver his semiannual policy testimony this week

https://blinks.bloomberg.com/news/stories/RQYG77DWX2Q4

  • Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data

Two-year notes out-yield 10-year by nearly a percentage point

Fed’s Powell has chance to respond to calls for bigger hikes

https://blinks.bloomberg.com/news/stories/RQWH4ADWRGGP

  • Traders Hedge Risk of Half-Point Hike at Fed’s Next Meeting

Flurry of cheap SOFR options target 50 basis-point increase

Strong economic data scales back expectations for rate cuts

https://blinks.bloomberg.com/news/stories/RQYHP2T0G1KW

  • Alan Blinder Says He’s Betting Against Fed Raising Rates to 6%

Former Fed vice chair says he’d be surprised if that happened

Meanwhile, he bets Fed isn’t changing its 2% inflation target

https://blinks.bloomberg.com/news/stories/RQV067DWRGG1

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