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Liquidity Has “Dried Up,” Says $100 Billion Investor | Jeffrey Sherman
Forward Guidance
Is There Soft Forward Guidance?
The consensus about where the fed funds rate is going to be in december remains pretty centred around that threet, three, five basis point. The market seems a little optimistic on the pivot and again, the economic data has been weak,. A lot of people are talking about four fed governors who are talking about changing policy. And i think really why forward guidence became important was that, i credit mmario droge for this, back unta he was in 14, where he said, we're going to do whatever it takes. But right now, i don't think the fed has your back. I think the fed would definitely pivot if the s am p broke 35 hundred
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