The Bond Buyer - Munis little changed post-CPI

Toggle President Giuseppe Sette talk about the CPI report with The Bond Buyer:

The report makes "higher for longer" more likely, said Giuseppe Sette, president of Toggle AI. "With CPI marginally higher than expected it becomes harder for the Fed to say that inflationary pressures have been tamed, especially in the face of a strong job market. For the entire history of the Fed, rates have always been kept considerably above inflation in any scenario short of a recession. This CPI print pushes the first rate cut further away, possibly not even in 2024."

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