Market Update – The Value Over Growth Dynamic is Correcting, While Yields Price Out Fed Rate Cuts Ahead of CPI

1:44 p.m. ET Tomorrow’s CPI seems to be driving the bond market/higher rates and creating headwinds for the stock market. The bond market appears to be discounting a higher for longer Fed rate path, cutting Fed projections of rate cuts of at the knees. We’re seeing the same in Fed Funds futures as the chance…