WS #15707
The Mortgage Bankers Association now expects two additional Federal Reserve rate hikes, pushing the 'higher for longer' narrative forward. Simultaneously, retail inflation in India jumped to 5.54% in September, driven by a 108% surge in onion prices. These data points reinforce the view that central banks are constrained by sticky inflation, negatively impacting rate-sensitive growth stocks and REITs.
Macro Inflation & Fed Policy
The Mortgage Bankers Association now expects two additional Federal Reserve rate hikes, pushing the 'higher for longer' narrative forward. Simultaneously, retail inflation in India jumped to 5.54% in September, driven by a 108% surge in onion prices. These data points reinforce the view that central banks are constrained by sticky inflation, negatively impacting rate-sensitive growth stocks and REITs.