A Rising R-Star?
Bruce Monrad explains how the Fed’s esoteric concept, R-star, may be shifting higher, signaling a “higher-for-longer” environment.
Bruce Monrad explains how the Fed’s esoteric concept, R-star, may be shifting higher, signaling a “higher-for-longer” environment.
Bruce Monrad explains how changes in the Fed’s longer-term rate expectations (what he calls the “Other Terminal Rate”) could effect markets.