• Fears of a recession grew on Wall Street Monday, and investors looked ahead to key inflation data this week.
• The data is consistent with expectations of a slow-moving recession unfolding in the U.S. – one that doesn’t point to the immediate resolution of inflation concerns, according to Jason Pride, chief investment officer of Private Wealth at Glenmede.
• “As such, the odds of another quarter-point rate hike in May should go higher as the data does not appear to justify a Fed pause,” he added.

Tagged: #Bidenflation