TRA Macro Tracking Index

Inflation came in at 3.4% for the month of August, at least according to the CPI print released today. That sent rate hike expectations later this month higher, but conversely, kept yields on the ten year mostly flat to a little down signaling that inflation may be addressed by the Fed sooner than later. Consumer confidence regained its downward momentum as well with consumers worried about ongoing inflationary pressures and affordability concerns.

Have a great weekend and stay tuned as always!