Inflation is a clear and present danger, warns Wells Fargo's Michael Schumacher
CNBC Television·2026-03-06 23:05
10-year Treasury yield hitting nearly one-mon highs earlier today, having gained about 20 basis points this week. Wells Fargo says surging oil prices are the number one reason for the move and warns inflation is a clear and present danger. Michael Schumacher is behind the call.He's the firm's head of macro strategy. Michael, it's always great to have you here and get your take on things. Um, so the markets don't seem to think that oil like the shock is going to be anything lasting.>> I'm not so sure about t ...