The Fed's inflation trap

In Bondcast's 250th episode, Imogen Bachra is joined by market specialists Stuart Sparks and Oriane Parmentier to assess a more eventful-than-expected Jackson Hole, the outlook for the Fed, next week’s ECB meeting and the latest move in gilt yields. The discussion starts with the Fed’s increasingly hawkish stance following Jackson Hole. Stuart explores what a conventional hiking cycle could mean for the rates curve, arguing that three further Fed hikes would push front-end yields materially h...