4 days ago
Macro Matters: Inflation Pricing With JP Morgan's Phoebe White
A September interest rate cut by the Federal Reserve risks inflation expectations increasing, says JP Morgan's head of inflation strategy Pheobe White on this Macro Matters edition of the FICC Focus Podcast series. Chief US Interest Rate Strategist Ira Jersey asks White to explain how Treasury Inflation Protected Securities (TIPS) and inflation derivatives work, the means of hedging inflation using these instruments, and the JP Morgan outlook for TIPS inflation breakevens and real yields. The BI US Interest Rate Strategy team recently published several pieces on TIPS, including a market outlook and a look at market structure. TIPS Market outlook: TIPS Market Sturcture:
