The Hike Clock Starts Now: PCE at 4.1%, a Bear Steepener, and What Q3 Holds for the Curve
PCE hits 4.1% — a 3-year high — while Warsh's Fed signals a September hike and the yield curve's bear steepener flashes a structural warning. Eleanor Whitfield reads Q2's bond market close and maps what H2 2026 means for rates and credit.