The data dependent Fed is waiting for signs of policy lags, but is there a chance that they’ve already hit? Bruce Monrad explains why he thinks the majority of the impact of rising rates is already baked into markets.
Where are the Lags?
The data dependent Fed is waiting for signs of policy lags, but is there a chance that they’ve already hit? Bruce Monrad explains why he thinks the majority of the impact of rising rates is already baked into markets.