Greg Peters and Ira Jersey discuss the Fed's challenge with sticky inflation and a firming labor market, arguing there is no case for rate cuts. They analyze the new Fed chair's need for credibility, the crowding out effect from massive AI and sovereign debt issuance, and the relative value of sovereign vs. corporate bonds.
explicit
inferred
RUT
Oil
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PGIM
7.8
Asset Manager $1400.00B
Greg Peters 9.0
Asset Manager $1400.00B
Greg Peters 9.0
6/17/2026 12:14:34 AM
ndx
Higher-for-longer yields and a firming economy reduce the case for rate cuts, which typically support high-growth tech valuations. The AI buildout is a positive, but the macro backdrop of sticky inflation and potential crowding out in debt markets creates headwinds.
yields
It's really hard to construct an argument that rates should be lower here from the Fed.
| 5/29/2026 12:40:23 PM | short term cautious up | 7 days later | +1.72% | +0.86% |
| 5/8/2026 4:06:17 PM | medium term cautious down | 21 days later | +1.47% | -0.74% |
| 3/13/2026 9:58:26 PM | short term up | 7 days later | +2.70% | +2.70% |
| 1/7/2026 1:57:49 PM | medium term cautious up | 20 days later | +1.63% | +0.81% |
| 1/5/2026 10:58:21 PM | medium term up | 20 days later | +0.81% | +0.81% |
| 12/4/2025 5:57:16 AM | medium term up | 21 days later | -0.07% | -0.07% |
