Alright, I’m tired of hearing this discussion in the financial media[1]. I feel compelled to write this comment. About a month ago longer-term interest rates on U.S. Treasuries (i.e., “U.S. government bonds”) suddenly rose a lot and a lot faster than people were expecting. Financial commentators on nearly every show I listen to and in every paper I read began discussing whether the bond market was doing the Fed’s job “for it”, by which they mean: are the higher interest rates going to push inflation down so that the Fed doesn’t have to raise rates again to push inflation down itself.
Yeah. Funny I put this one out today of all days. That super soft CPI report told markets that the FED is done raising rates and long rates ... exactly... stepped in a hole. Will be curious to see how it plays out over the coming weeks.
Yeah. Funny I put this one out today of all days. That super soft CPI report told markets that the FED is done raising rates and long rates ... exactly... stepped in a hole. Will be curious to see how it plays out over the coming weeks.
Long rates stepped in a hole today.