As many of you know, I have felt for a few months now that the 2 year yield was the best indicator of what broader financial markets would do and why.
Today’s comments by #FederalReserve Chair Powell pushed this yield to over 5% … 1 of 2
Today’s comments by #FederalReserve Chair Powell pushed this yield to over 5% … 1 of 2
… and put the Fed in a tricky dilemma: either validate the market move by negating its prior policy guidance or stay with 25bps and fall further behind. Both come with reputational risks.
2 of 2
#econony #fed #federalreserve #markets #centralbanks
2 of 2
#econony #fed #federalreserve #markets #centralbanks
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