Wall Street tumbled as US 5Y inflation expectations surged

on May 14, 2023 06:31:AM

Wall Street Futures were already under stress on elevated & sticky core inflation, increasing the possibility of another +25 bps rate hike in June, growing regional bank crisis, higher FDIC/regulatory fees for banks to deal with any failures, and lingering suspense about U.S. debt limit negotiations apart from the mixed report card.  Further, on early […]