A big miss on employment data? A technical recession? Can anything potentially slow the Fed’s path? Emily Roland says the most important thing to watch will be elevated oil & commodity prices: “If you started to see inflationary pressured subside, if you started to see oil prices move lower, that could be the case in which the bond market would reprice for fewer rate hikes and equity markets would start to get some relief, but we’re simply not seeing that.”
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