Intraday Market Thoughts

Fight the Fed not the Bond Market

by Ashraf Laidi
Jan 7, 2015 20:14

The old market cliché of “don't fight the Fed” remains valid in highlighting the Fed's authority to limit violent market instability and prolonged recessions, but do not confuse it with Fed members' hints of rate hike intentions, especially at a time of rampant lack of visibility by Fed researchers with regards to the new equilibrium rate of unemployment at a time of flashing deflationary pressures. Full chart & analysis

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Fight the Fed not the Bond Market - Yields Quarterly Jan 7 (Chart 1)

 
 

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