What Should We Be Watching?

When banks aren't able to roll their funding to the next day and their ing a default, that's what catapults the financial system. That's when the fed will stop. So we'll watch the yield curve. When rates steepen, you know that the rates market is pricing in the rate cuts and the policy reversible. And it continued to be because it means tha fed is still into the idea that they're oing to hike.