Jerome Powell is Lucy, and the rest of us are Charlie Brown, writes David Rosenberg. Read his take on yesterday\u0027s Fed developments here.
He is Lucy, and the rest of us are Charlie Brown.
Back then, Powell intimated that an inversion would signal the need for the Fed to begin thinking of easing policy. The spread between three-month rates and the 18-month forward expectation of the three-month rate touched two basis points in recent days, and is well off the nearby highs of 130 basis points, and the best the chair could say was “it’s not inverted.”Article content
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