Federal Reserve Is Running Out Of Credibility: BoARupert Hargreaves
Federal Reserve Is Running Out Of Credibility: BoA
“To us, there is one worrying sign in the reaction of the bond market to the better data and hawkish Fed speak unlike 2013: instead of the optimistic signal the yield curve sent during the taper tantrum, long end rates now suggests a re-ignition of the policy mistake trade.” Bank of America Merrill Lynch
Financial markets have been fixated by the day-to-day commentary from the Federal Reserve ever since the financial crisis. Indeed, ever since the crisis, markets have . . .