"5% inflation year-year in the month of May, highest it has been in 30 years."
10-Year yield shows little change; the market keeping an eye on two factors.
Supply-Chain Shortage Inflation; likely short-term.
Wage Pressure Inflation; possibly long-term.
9 Million Jobs openings, largest in history.
"It may be possible that we are at the precipice of the redistribution cycle from the capital to labor...will show up in the margins of companies
Source: Katie Koch and Steve Rattner with David Westin on Bloomberg.