BTIG Co-Head Global Rates Trading, Thomas di Galoma, Quoted by Bloomberg – “Traders Capitulate, Abandoning Fed Rate Cut Bets After CPI Spike”
BTIG Co-Head Global Rates Trading, Thomas di Galoma, said: “This morning’s inflation figure has changed the narrative on disinflation as energy prices posted a larger than expected increase. I expect the Fed’s hawkish rhetoric should continue.”