Authored by Kevin Muir via The Macro Tourist,
Going to make today’s post short and sweet.
Recently the market has gotten somewhat excited that the Federal Reserve might slow down the rate of Federal Funds tightening. This has been the result of three developments:
A few speeches from FOMC Board members that indicated the Federal Reserve was concerned about the flattening yield curve, and that the Fed’s goal would be to ensure it doesn’t invert.
A recent phenomenon where the...