BLOOMBERG Bloomberg Real Yield July 13, 2024
I think that is still what they want. Itthe marking is doing what wants the market is testing the feds resolve. Markets like to see the Central Banks step in. The case is strong for them to step in. They want the fed to cut. I dont the fed will cut. They should be cutting. I dont think the fed should cut. Monetary policy is prepared to act, but will it be effective . The effectiveness would be tremendous. Interest rates are not vaccines. We would see a little bit of turnaround in the markets. The fed is fairly impotent in this environment. On the other hand, if they do nothing, it could make t...