US Growth Slows While Inflation Holds Firm
The US economy grew at a slower pace in the first quarter while price pressures held firm, further complicating the outlook for central banks.
In an article from Bloomberg Markets, PGIM Fixed Income’s Chief Investment Strategist, Robert Tipp, explores how fiscal stimulus efforts may impact growth in the months to come. Tipp suggests that the bond market selloff that jolted Treasury yields higher is bound to run out of steam as the effects of fiscal stimulus wear off, and expects that 10-year rates will be driven back down to 1%.
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The US economy grew at a slower pace in the first quarter while price pressures held firm, further complicating the outlook for central banks.
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