2min chapter

Forward Guidance cover image

Former Fed Trader: Rate Hikes Will Crash Markets | Joseph Wang

Forward Guidance

CHAPTER

The Fed's Worries About a Flattening of the Yield Curve

The Federal Reserve wants bond yields below. It's good for asset prices, but also it shows that the bond market is sort of pricing in a slow down in growth. I think we have a custom to looking at the yield curve and trying to take economic signals from it. And so it doesn't necessarily mean anything.

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