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Sri-Kumar called for a 50 bps Fed hike while conceding even 25 may not happen, with the 10-year Treasury just one basis point from 5%.
His danger zone triggers when the 30-year reaches 5.75% with a 75 bps spread over the 10-year; the 30-year already sits at 5.37%.
Sri-Kumar argues rising oil and global tariffs drive inflation more than any monthly CPI print, with core PCE above the Fed's 2% target for years.
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