Tom is a Head of Fixed Income and a Portfolio Manager at Brown Advisory, overseeing more than $6 billion in bond portfolios in both mutual funds and separate accounts. He has spent over 20 years in the fixed income business, concentrating on macroeconomic analysis. Prior to joining Brown Advisory, Tom was a managing director at Cavanaugh Capital Management. He served as a portfolio manager and was responsible for trading, analysis and management of taxable fixed income portfolios.
You can reach Tom on twitter @tdgraff
Recent Articles By The Author
We can see a hawkish shift in recent weeks, and here's how I see this playing out as talk of quantitative easing tapering picks up.
The CPI jumps an eye-popping 4.2%, but a lot of noise is included in that number.
When government data seems strange like this, it is more likely to be an artifact of sampling or some other one-off reason.
The timing for tapering quantitative easing is not as far away, or as uncertain, as Powell would have you believe.
The possibility of lasting inflation is very real, and that possibility likely will result in bond yields continuing to rise.
Prices are rising, but the data is messy, especially right now. Here is how I'm thinking about it, and when the Fed might hike rates as a result.