ORLANDO, Fla., Oct 17 (Reuters) – They will be right one day, just not yet.

Hedge funds continue to bet that the Federal Reserve will end its aggressive cycle of rate hikes soon enough and begin easing monetary policy after a brief pause as growth and inflation slow.

But as US inflation, inflation expectations and Fed officials suggest, that turning point is still a long way off – the Fed’s terminal implied rate shot to a new high just below 5.00% last week, the 2-year Treasury yield hit a…

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