The Bond Buyer: Muni yields fall again with USTs after CPI, FOMC
04/12/2023
The CPI print, which saw inflation rise 5% year-over-year, was "a little cooler than what folks expected but not so substantial, that it's going to take a potential Fed hike off the table," said Tom Kozlik, head of strategy and credit at HilltopSecurities. Kozlik said the print has not changed market participants' opinions of additional rate hikes at the May Federal Open Market Committee meeting.