Surveillance: Fed Distractions with Donald
Bloomberg Surveillance
00:00
Do You Think We're in a New Regime?
Kao Si: I think you are seeing the risk of overtightening and playing through within the very inverted yield curve. There's a feeling that even if we get some sort of recession or some sort of landing, that we're going to have higher rates for longer. We were having lower highs and lower lows for 30 years. That's the bull market of fixed income. So this is a meaningful shift because the next time that the Fed cuts, we don't think it's going to be back to the zero lower bound.
Play episode from 12:21
Transcript
