Nomura Unloads On "Intellectually Dishonest" Policy-Makers Amid 8%-Plus SuperCore Inflation & "Fed Independence Cynicism"

Authored by Charlie McElligott, Managing Director & Cross-Asset Strategist, Nomura,

I havent ranted in a bit, so hey, let’s GOOOOOO…

Markets are recovering in Eq and Rates / USTs and relief rallying to their best levels of the overnight / US session following a “less bad” US March PPI headline print this morning, vs the “worst fears” -potential post CPI yday...