The Tell: Markets caught in ‘self-defeating feedback loop’ with Fed on inflation as June CPI looms

WinShore Capital PartnersA year ago, Gang Hu, an inflation trader at New York hedge fund WinShore Capital Partners, made the prescient call that inflation would be “stickier than most people imagine.” Now, he’s flagging the risk that financial markets are locked in a “self-defeating feedback loop” that makes it more likely the Federal Reserve will need to keep raising interest rates. Hu’s argument boils down to one point: that it will likely require a recession to successfully stamp out...