The Fed is not directing the markets, but indicators like this are…

The Fed, like the rest of us, is being directed by markets As shown in yesterday’s post the Fed is being directed in large part by the 2yr Treasury yield, which is rising to inform them they are lagging with respect to inflation fighting (ha ha ha, but work with me here). Other market indicators like credit spreads will actually tell the story of when … Continue reading The Fed is not directing the markets, but indicators like this are…