Rates Edge Down Ahead of CPI, With the Fed’s Next Hike Hinging on Inflation

In A Nutshell: Every CPI inflation print has the potential to send rates up or down, and this Wednesday’s is no exception. There’s still an open question as to how many more hikes there will be from the Fed.

Last Week’s Highlights

Rates fell slightly last week as numerous Fed speakers reiterated the same point—more hikes are coming, but not necessarily right away. The minutes…