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Surveillance: The Fed Decision

Bloomberg Surveillance

00:00

The Inflation Is Not Appropriate Forecasting

The two-year yield just breaks down to new lows, 4.096. With immense respect, Jeff, how do you manage multi-strategy in this milieu? How do you as a pro react to what we're witnessing this afternoon? Well, it's a really good key word that you said, which is react, which is back to my common a second ago. Certainty is not appropriate forecasting here. It's very tough. We haven't been through five episodes of global pandemics and know exactly how the story will play out.

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