The Fed Will Pivot Now
And markets will rally
The news on the inflation front is very encouraging. It will allow the Fed to pivot now. But markets are yet to price in the good news.
The Fed cares very strongly about two things. First, the technocrats want to see through temporary fluctuations and focus their attention on the pace of underlying inflation. That’s why they pay so much attention to cor…
Keep reading with a 7-day free trial
Subscribe to Policy Tensor to keep reading this post and get 7 days of free access to the full post archives.