US Rates: Breaking down the strong January inflation data

This podcast episode delves into the economic data releases, including CPI, retail sales, and inflation reports, and their implications for market expectations and the Federal Reserve's monetary policy. The speakers debate whether the recent inflation jump signifies a trend or noise, and discuss the relationship between labor market conditions and inflation. They also analyze labor demand indicators and consumer finances, and explore the ongoing debate about the neutral rate and its impact on economic growth. The episode concludes by highlighting the anticipated moderation in economic growth and the attractive risk-reward profile of real yields.