Textbook policy mistake in the making, says Mr. Market.
Curve flattening sharply.
Front-end pricing an aggressive reaction function, but anticipating the cycle is going to end very quickly and never get even closer to the 2.5% long-term dot the Fed hopes for.They never learn.
— Alf (@MacroAlf) December 15, 2021
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
2 views