Below is a chart and brief excerpt from today's Early Look written by Hedgeye Director of Research Daryl Jones.
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As I woke up this morning and reviewed the most recent data, the one data point that jumped out at me was expectations for future Fed hikes in 2022. As the Chart of the Day below shows, we are at a new high for hike expectations at 5.05. Despite talk (hopes?) of a Fed pivot, expectations for rate hikes continue ticking higher. |
