So the Fed has become explicitly political in its policy/communication, the market is now only pricing in 1.3 cuts next year, and the bond market can’t catch a bid because the Fed keeps scaring it
If Trump doesn’t deport 10m people and enact onerous tariffs lots of people are off sides here
If Trump doesn’t deport 10m people and enact onerous tariffs lots of people are off sides here
Reposted from
Nick Timiraos
What does a central bank that had thought it might be able to achieve a soft landing do if it is confronted with new potential negative supply shocks? We may be about to find out www.wsj.com/economy/cent...
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