Surveillance: Rajappa's Recession Call
Bloomberg Surveillance
The Fed's Steady Yield Curve
The Fed could keep policy stable after getting to a certain level, but beyond that, I think that the Fed is very committed to keeping policy higher for longer. So in that sort of context, it makes sense that the front end remains sticky and you don't really see that dramatic re-pricing lower in the two year part of the yield curve. That's why we're calling for a very gradual re-st deepening of the yield Curve.
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