CHART OF THE DAY: Newsflash ... The Fed is Not Going to “Raise Rates” On This

Editor's Note: Below is an excerpt and chart from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here to learn more and subscribe. 

CHART OF THE DAY: Newsflash ... The Fed is Not Going to “Raise Rates” On This - 5Y BE CoD

...Contextualized this way, the present (being YTD) is less than 6 months old. If you pull back your time-series #history to 1 year, obviously most of these “inflation” barometers have plummeted.

 

Five year breakevens is a fair way to consider inflation expectations, and while it’s true that those are +11 basis points for the current quarter, they are -32 basis points year-over-year. Newsflash: the Fed is not going to “raise rates” on that...