Hey Powell, WTF? (Why The Flattening?)

October 14, 2022, 11:00 am - 12:00 pm EDT

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Event Details:

Hey Powell, WTF? (Why The Flattening?)
Friday, October 14, 2022, 11:00 am - 12:00 pm EDT

Do you trust the Fed? Powell has been talking a very tough game of late. And the market appears to believe him. With real inflation running at 40-year highs, future inflation expectations have plummeted. 2 year CPI inflation breakevens are now barely above the 2% target. At the same time, the yield curve as measured by the difference between the 10-year and the 2-year USD swap rates dropped from the 2021 high of +150bps to the current inverted -61bps. This is the sharpest move ever seen, with data going back to 1988. 1

Is the market right to have so much confidence in the Fed? How much do you trust the Fed? And what does this mean for the Quadratic Interest Rate Volatility and Inflation Hedge ETF (Ticker: IVOL)?

1. Data from Bloomberg as of 9/27/2022.

1 CFP / CIMA Credit Available. Email: [email protected] for credit.