More tightening till Interest Rates match 10Y Bond Yields (US)
If history is any indicator we shouldn't expect any pivots in monetary policy until 10Y Bond Yields come down to Interest Rates or Interest Rates hike to the former's level.
For 10Y Bond Yields to come down we need to see lower inflation or inflationary pressure.
For 10Y Bond Yields to come down we need to see lower inflation or inflationary pressure.