Surveillance: Stock Picking with Emanuel
Bloomberg Surveillance
00:00
Do Markets Tell the Fed What to Do With Their Asymmetries?
Steve Whiting: At the end of the day, do markets tell the Fed what to do with its understood asymmetries? The Treasury market is saying that the Fed has already had an unsustainable funds rate. So I think that ultimately the Fed is going to get this forecast. But again, it is predicated on the notion that our labor markets, the demand for labor is going to fall.
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